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Charles Chester Kulch formerly with Next Financial Group, Inc. Has 10 Customer Complaints for Alleged Broker Misconduct

Who is Charles C. Kulch formerly with Next Financial Group, Inc.?

Charles Kulch (CRD #2371584) who was formerly registered with Next Financial Group, Inc. and located in Nashua, New Hampshire is a subject of one of our many securities industry sales practice abuse investigations. Prior to Next Financial Group, Inc., Charles Kulch has associated with two other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems.

But Charles Kulch’s former employers were not the only ones with regulatory problems.  He has been the subject of 3 different regulatory actions, three in the state of New Hampshire and one in New York. Charles Kulch was suspended, ordered to cease-and-desist, and/or fined for allegedly operating an unqualified branch office; making a false statement on an insurance license application; and failing to supervise the distribution of marketing materials that contained inaccurate information. 

The latest regulatory complaint was filed by the Massachusetts Securities Division for allegedly over concentrating customers in illiquid, risky, and high commission products, including non-traded real estate investment trust and variable annuities.

Next Financial Group, Inc. Broker Misconduct

In his career, Charles Kulch has been the subject of 10 customer complaints that we know about, 3 of those complaints were filed in the last year to recover investment losses.

Five of Charles Kulch’s 10 customer complaints were settled in favor of investors. Two of those complaints were denied by his former employer, and to date, the customers have not taken any further action.  There are currently 3 pending customer complaints filed against Charles Kulch’s former employer Next Financial Group, Inc. for investment losses caused by his alleged misconduct.

Allegations Against Charles Kulch  

A sample of the allegations made in the FINRA reported arbitration claim settlements and pending complaints for investment losses are as follows:

  • The claimant alleged unsuitable sale of non-traded REITs.
  • The customer alleges unsuitable investment recommendations related to private placements in violation of the financial advisor’s fiduciary duty, and violation of the New Hampshire Securities Act.
  • The claimant alleges that the financial advisor misrepresented the risk associated with the investments in certain Tenant-In-Common (TIC) investments and that the investments were unsuitable since the fees and risks far outweigh the potential for tax deferment.
  • The customer alleged that the financial advisor made misrepresentations and unsuitable investment recommendations related to direct investments in the oil and gas in real estate sectors.
  • The customer alleges that the registered representative recommended he invest most of his net worth in numerous high risk, speculative, and illiquid private placements and Tenant-In-Common investments that were unsuitable investment recommendations.

Charles Kulch Red Flags & Your Rights as An Investor

Of course, Charles Kulch did not admit to any of the allegations. But regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint is still pending, the allegations made by customers are red flags that should put all current and former customers of Charles Kulch at Next Financial Group, Inc. on alert to review carefully the activity and performance of their accounts and question whether Charles Kulchhas engaged in any stockbroker misconduct that may have caused them investment losses.

The large number of customer complaints at Next Financial Group, Inc. also raises questions about supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.

File A Claim to Recover Your Investment Losses At Next Financial Group, Inc.

If you have questions about Next Financial Group, Inc. and/or Charles Kulchand the management or performance of your accounts please contact Attorney Pearce for a free initial consultation via email or Toll Free at 1-800-732-2889.

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Robert Wayne Pearce

Robert Wayne Pearce of The Law Offices of Robert Wayne Pearce, P.A. has been a trial attorney for more than 40 years and has helped recover over $170 million dollars for his clients. During that time, he developed a well-respected and highly accomplished legal career representing investors and brokers in disputes with one another and the government and industry regulators. To speak with Attorney Pearce, call (800) 732-2889 or Contact Us online for a FREE INITIAL CONSULTATION with Attorney Pearce about your case.

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