Last Updated: October 2025 — Sacramento, CA
Here’s what you need to know about Sacramento, CA stockbroker Joseph Frederick Eschleman:
- Name: Joseph Frederick Eschleman (also appears as Joseph F. Eschleman)
- Current Employer: Purshe Kaplan Sterling Investments (FINRA broker); Towerpoint Wealth, LLC (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:
- Towerpoint Wealth, LLC — President & IAR (investment-related)
- 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 — one pending customer arbitration.
- Sanctioned by Securities Regulators: Yes — FINRA AWC (10-business-day suspension; $5,000 fine) for exercising discretion without written authority.
- Discloses Outstanding Liens: None disclosed on this report. (No lien disclosures appear in the BrokerCheck record provided.)
- Discharged by a Prior Employer: Yes — Wells Fargo Clearing Services (04/26/2017) following allegations related to trades/RMD processing without proper written discretion.
- Highest Award of Settlement: $11,488.14 (customer complaint settled 05/01/2014).
- Current Customer Dispute Seeks Total Damages of: $1,175,140.23 (FINRA arbitration filed 08/25/2025).
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?
A pending FINRA arbitration (Case No. 25-01790) filed August 25, 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 $1,175,140.23 in damages.
Separately, Mr. Eschleman consented to a FINRA Acceptance, Waiver & Consent (AWC) on August 21, 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 (paid in September 2018).
Allegations of Broker Misconduct Against Joseph Frederick Eschleman
- Unsuitability — recommending investments inconsistent with the customer’s profile may violate FINRA Rule 2111 (Suitability). (Alleged in the pending DST arbitration.)
- 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; the 2018 AWC found discretion without written authority in IRA and trust accounts.
Employment History & Registrations (Snapshot)
- Current registrations: Purshe Kaplan Sterling Investments (FINRA broker, since 08/10/2017); Towerpoint Wealth, LLC (Investment Adviser Representative, since 05/30/2017). Primary branch at 500 Capitol Mall, Suite 1060, Sacramento, CA 95814.
- Prior brokerage firms: Wells Fargo Clearing Services, LLC (2003–2017); Prudential Securities Incorporated (1999–2003).
- Industry exams: SIE (10/01/2018), Series 7 (07/19/1999), Series 65 (07/28/1999), Series 63 (07/21/1999).
Past Customer Complaints (Illustrative)
- Settled (05/01/2014): Allegations of misrepresenting services/fees in self-directed advisory accounts at Wells Fargo Advisors (activities 2012–2013). Settled for $11,488.14 (no individual contribution).
- Closed—No Action (2004): Prudential complaint about mutual fund share classes; firm determined alleged damages under $5,000 and entered the item in error.
Regulatory Action (2018 AWC — Key Details)
- Regulator: FINRA
- Case/Docket: 2017054395501
- Allegations: Exercised discretion without written authority in a customer’s IRA (to fund an RMD) and in a joint trust account, despite prior firm discussions about authorization requirements.
- Sanctions: 10-business-day suspension (9/17/2018–9/28/2018) and $5,000 fine (paid September 2018).
Recover Your Investment Losses Now With Rex Securities Law
Other investigations of Purshe Kaplan Sterling brokers
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.
Most cases are handled on a contingent fee basis, meaning that you do not pay legal fees unless we are successful.