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Broker Misconduct Investigation: Charles Chester Kulch (Next Financial Group, Inc.)

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Updated on: March 25, 2024

National investment loss lawyers KlaymanToskes is investigating Charles Chester Kulch of Next Financial Group, Inc. (CRD #2371584).

Charles Chester Kulch, a former broker for Next Financial Group, Inc., in Nashua, NH, has been permanently barred from securities licensure in New Hampshire by the Department of State, and ordered to pay $663,358.22 in restitution, following multiple investor complaints and ten customer disputes, according to his FINRA BrokerCheck report.

Investors that suffered losses with Charles Chester Kulch (Next Financial Group, Inc.) are encouraged to contact attorney Lawrence L. Klayman, Esq., at 888-997-9956 or by email at lawrence@klaymantoskes.com to discuss recovery options. We do not collect attorney’s fees unless we are able to obtain a financial recovery for you.

Former Broker Charles Kulch Barred, Faces Multiple Investor Complaints

Formerly registered broker Charles Chester Kulch, previously associated with Next Financial Group, Inc. in Nashua, New Hampshire, is facing numerous investor complaints and has been officially barred from selling securities.

Over the course of his career, Kulch has been the subject of ten customer disputes. These disputes typically arise when an investor believes that a broker has been negligent, made unauthorized trades, or recommended unsuitable investments. It is not specified what the nature of the complaints against Kulch were, but the volume of disputes suggests a pattern of potential problematic behavior.

In addition to the complaints, the New Hampshire Department of State has taken action against Kulch. They issued a consent order which required him to pay $663,358.22 in restitution. This is a significant sum, indicating that the Department of State found substantial wrongdoing on Kulch’s part. The consent order also permanently barred Kulch from obtaining securities licensure in New Hampshire, effectively ending his career as a broker in the state.

Who is Charles Chester Kulch of Next Financial Group, Inc.?

Charles Chester Kulch (CRD# 2371584) is a financial advisor previously employed with Next Financial Group, Inc. in Nashua, NH. Charles Kulch has multiple investor complaints and is barred from selling securities. According to Kulch’s FINRA BrokerCheck report, he has been the subject of ten customer disputes. The New Hampshire Department of State issued a consent order requiring Kulch to pay $663,358.22 in restitution and permanently barred Kulch from securities licensure in New Hampshire.

Signs Investors Should Look Out For About Their Brokerage Accounts

As an investor, there are a few signs that you should look out for if you believe you may have a claim against Charles Chester Kulch. These signs could potentially indicate misconduct, negligence, or investment fraud. Investors are encourage to contact our firm immediately if you have experienced any of the following:

  • You have substantial losses in your investment accounts
  • You received a call, email, or other communication from your broker’s supervisor or manager regarding your portfolio
  • Your broker misrepresented investment opportunities, or failed to disclose details about investments
  • You notice unauthorized transactions in your investment accounts
  • Your broker is not returning your calls or emails
  • You filed a complaint with your brokerage firm that has not been resolved
  • You see a mistake on your statement, or receive a fraudulent statement

Some investors have close relationships with their brokers due to the time and trust built over the course of their investment relationship. However, it is crucial to remember that financial decisions should be based on careful analysis and due diligence rather than solely relying on personal relationships.

Engaging the services of an experienced securities attorney to evaluate your specific circumstances is strongly advised. At KlaymanToskes, our team of experienced securities attorneys has a deep understanding of this complex area of law, allowing us to provide invaluable insight and tailored guidance that directly addresses your individual needs.

If you suffered losses with Charles Chester Kulch, or have concerns regarding your investment portfolio at Next Financial Group, Inc., contact KlaymanToskes at 888-997-9956 or fill out a short contact form for a free and confidential consultation.