Investors possibly experienced sales practice violations by securities broker Joseph Frederick Eschleman (also known as Joe Eschleman) [CRD: 3237843, Sacramento, California], according to publicly available information on FINRA BrokerCheck. Evidently, Eschleman has been registered with Purshe Kaplan Sterling Investments since August 10, 2017, and with Towerpoint Wealth LLC since May 30, 2017. Read below for details about Eschleman’s disclosures and related investor allegations.
Purshe Kaplan Sterling Investments Investor Accused Joe Eschleman Of Unsuitable Recommendations
Particularly, on August 25, 2025, a Purshe Kaplan Sterling Investments client filed FINRA Arbitration No. 25-01790 about Joseph Eschleman. The client alleged that Eschleman made unsuitable recommendations by advising an investment in two Delaware Statutory Trusts (DSTs)—Campus Walk DST and 4th & J DST—through a 1031 exchange. For this reason, the client allegedly sustained damages linked to those real estate securities. Therefore, the client requested $1,175,140.23 in compensation from Purshe Kaplan Sterling Investments or Eschleman. It appears that this arbitration is pending a resolution.
Joseph Eschleman Sanctioned By FINRA For Discretionary Trading
Evidently, FINRA issued Case: 2017054395501 on August 21, 2018, sanctioning Joseph Eschleman for infractions. Allegedly, Eschleman engaged in discretionary trading by exercising discretion in clients’ accounts without first obtaining written authorization from the clients or approval from his firm. As a result, Eschleman was suspended for 10 business days—from September 17, 2018, to September 28, 2018—and fined $5,000, which he paid on September 14, 2018.
FINRA’s investigation revealed that Eschleman sold a security in a client’s individual retirement account without written authority. He also sold securities from a trust account maintained by the same client and his spouse under similar circumstances. Eschleman did not secure written authorization as required by FINRA rules. The action concluded with an Acceptance, Waiver & Consent (AWC), finalizing the sanctions.
Wells Fargo Advisors Investor Accused Joe Eschleman Of Misrepresentation
Specifically, a client filed a complaint about Joseph Eschleman. Mainly, the client alleged that Eschleman made misrepresentations of material fact about investment services and failed to actively manage the client’s account while still charging advisory fees between July 1, 2012, and December 15, 2013. Because of this, the investor allegedly incurred damages. Consequently, on May 1, 2014, Wells Fargo Advisors settled this matter by paying the client $11,488.14 in damages.
Were You Impacted By Financial Advisor / Securities Broker Joseph Eschleman?
Did you suffer any investment-related losses because of Joseph Eschleman? You should contact Soreide Law Group at (888) 760-6552 or online and consult with a securities lawyer about a potential recovery of your investment losses. Soreide Law Group has recovered losses for investors throughout the country. Also, the firm works on a contingency fee arrangement and advances all costs. Eschleman and brokerage firms Eschleman worked for deny accusations of sales practice violations.
