Last Updated: October 2025 — Sacramento, CA
Here’s what you need to know about Sacramento, CA stockbroker Joe Eschleman:
- Name: Joseph Frederick Eschleman
- Alias: Joe Eschleman
- Current Employer: Purshe Kaplan Sterling Investments (FINRA broker); Towerpoint Wealth, LLC (President & Investment Adviser Representative) — 500 Capitol Mall, Suite 1060, Sacramento, CA 95814.
- Prior Firms: Wells Fargo Clearing Services, LLC (07/2003–05/2017); Prudential Securities Incorporated (09/1999–07/2003).
- Other Business Affiliations:
- PKS Financial — Fixed insurance agent (investment-related)
- Residential rental properties — Owner (investment-related)
- Eaglebrook Advisors — Cryptocurrency advisor (investment-related)
- CRD number: 3237843
- Stockbroker / Financial Advisor. Registered with 1 SRO; licensed in several U.S. states/territories.
- Can Broker be Sued in FINRA: Yes
- Sanctioned by Securities Regulators: Yes
- Discharged by a Prior Employer: Yes
- Highest Award or Settlement: $11,488
- Current Customer Dispute Seeks Total Damages of $1,175,140
If you’ve sustained damages from Mr. Eschleman, discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money with Joseph F. Eschleman as Your Stockbroker?
Pending FINRA arbitration (Case No. 25-01790): filed August 2025 alleges that, while registered with Purshe Kaplan Sterling Investments, Mr. Eschleman recommended a §1031 exchange into two Delaware Statutory Trusts (DSTs)—Campus Walk DST and 4th & J DST—that were unsuitable for the client. The claim seeks $1,175,140 in damages.
Delaware Statutory Trust-A Delaware Statutory Trust (DST) is a legally recognized real estate investment trust (REIT) in which investors can purchase fractional ownership in property as beneficiaries of the trust.
Internal Revenue Ruling 2004-86 declared that DST’s are like-kind and therefore qualify as 1031 exchange property. A 1031 exchange allows real estate investors to swap one investment for another and defer capital gains taxes.
Ownership of real property as a beneficiary of the DST offers investors the same benefits and risks as direct ownership without the management responsibility since a trustee is appointed to manage the property on behalf of the investors. Since the IRS has declared ownership of real property via a Delaware Statutory Trust to be like kind property for purposes of 1031 exchange, a much broader and diverse selection of investment property is now available.
In 5/2014 a customer of Wells Fargo was paid $11,488 to resolve allegations that he was charged full advisory fees on a self-directed account.
Mr. Eschleman consented to a FINRA Acceptance, Waiver & Consent (AWC) in August 2018 (Dkt. No. 2017054395501) resolving allegations that he exercised discretion in customer IRA and trust accounts without written authority. Sanctions included a 10-business-day suspension (9/17/2018–9/28/2018) and a $5,000 fine.
Allegations of Broker Misconduct Against Joseph Frederick Eschleman
- Unsuitability — recommending investments inconsistent with the customer’s profile may violate FINRA Rule 2111.
- Breach of Fiduciary/Best-Interest Obligations — for retail recommendations after June 30, 2020, the SEC’s Regulation Best Interest (Exchange Act Rule 15l-1) imposes a “best interest” standard. (Often pleaded alongside suitability in DST/alternative-investment matters.)
- Fraud / Misrepresentation or Omission of Material Facts — deceptive conduct is prohibited under FINRA Rule 2020 and FINRA Rule 2010.
- Unauthorized Trading / Use of Discretion — FINRA Rule 3260 (Discretionary Accounts) requires prior written customer authorization and firm approval.
Recover Your Investment Losses Now With Rex Securities Law
Other investigations of Purshe Kaplan Sterling brokers
What is a Delaware Statutory Trust (DST) ?
If you have suffered investment losses in an account handled by Joseph Frederick Eschleman, contact us for a complimentary consultation with an experienced securities lawyer to learn how you may be able to recover damages through FINRA arbitration.
Firms We Have Pursued On Behalf of Our Clients
With offices in Boca Raton, FL, and Austin, TX, stockbroker fraud attorney Bob Rex provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers, financial advisors, and broker-dealers.
If you have questions about how your account has been handled, call (877) 224-3199 to speak with an experienced securities attorney at no cost to you.
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Most cases are handled on a contingent fee basis, meaning that you do not pay legal fees unless we are successful.