Joseph Eschleman is the Subject of a 1031 Exchange Dispute
Joseph Eschleman (CRD #: 3237843), a broker registered with Purshe Kaplan Sterling Investments, is the subject of an investor dispute. This is according to his BrokerCheck record, accessed on October 21, 2025. Keep reading if you have concerns regarding his conduct as a broker.
Investor Allegations
On September 2, 2025, an investor alleged that Joseph Eschleman made an unsuitable recommendation to execute a 1031 exchange into two Delaware Statutory Trusts: Campus Walk DST and 4th and J DST.
The investor is seeking $1,175,140.23.
1031 exchanges are complex financial maneuvers that frequently have significant drawbacks for investors but may offer significant financial benefits for brokers.
Employment Separation After Allegations
On April 26, 2017, Wells Fargo Clearing Services fired Joseph Eschleman following allegations that he did not have authorization to effect certain trades.
Regulatory Action
On August 21, 2018, Joseph Eschleman entered into an Acceptance, Waiver, and Consent agreement (AWC) with FINRA in which he consented to the findings that he exercised discretion in an investor’s account without authorization.
As part of the terms of the AWC, Joseph Eschleman consented to a fine of $5,000. You can read a copy of the AWC here.
Unauthorized Trading
Unauthorized trading violates FINRA Rule 3260, which limits brokers to exercising their trading discretion in pre-approved discretionary accounts.
Background Information
Joseph Eschleman has passed the following exams:
- Series 65 Uniform Investment Adviser Law Examination
- Series 63 Uniform Securities Agent State Law Examination
- SIE – Securities Industry Essentials Examination
- Series 7 General Securities Representative Examination
He is a registered broker and investment adviser in California. He is also a registered broker in Pennsylvania and Tennessee.
Joseph Eschleman has registered with the following firms:
- Purshe Kaplan Sterling Investment (CRD #: 35747)
- Towerpoint Wealth (CRD #: 288593)
- Wells Fargo Clearing Services (CRD #: 19616)
- Prudential Securities Incorporated (CRD #: 7471)
Kurta Law Can Help
If you worked with Joseph Eschleman and you have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation.
For over 20 years, Kurta Law has advocated on behalf of investors who want to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm that exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf.