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Broker Charles Kulch: Four Regulatory Sanctions

Charles KulchPublicly available records provided by the Financial Industry Regulatory Authority (FINRA) on December 16, 2016 indicate that New Hampshire-based Next Financial Group broker/adviser Charles Kulch has been the subject of customer disputes. The experienced attorneys at Fitapelli Kurta are interested in speaking to investors who have complaints regarding Mr. Kulch (CRD# 2371584).

Charles Kulch has spent 22 years in the securities industry and has been registered with Next Financial Group in Nashua, New Hampshire since 2006. Previous registrations include Investors Capital Corporation in Nashua, New Hampshire. He is a registered broker and investment adviser with eighteen US states and territories.

According to his BrokerCheck report, Charles Kulch has received four customer complaints and four regulatory sanctions.

In May 2016 a customer alleged Charles Kulch, while employed at Investors Capital, recommended investments that performed poorly. The complaint settled for $120,000.

In 2015 a customer alleged Charles Kulch, while employed at Next Financial Group, breached his fiduciary duty, made unsuitable recommendations, committed fraud, and violated the New Hampshire Securities Act. The complaint, in which he was not named as respondent, settled for $525,000.

In 2015 a customer alleged Charles Kulch, while employed at Investors Capital and Next Financial Group, misrepresented and recommended unsuitable investments. The complaint, from which he was dismissed, settled in 2016 for $150,000.

In 2011 the State of New Hampshire sanctioned him following allegations he “failed to reasonably supervise the dissemination of seminar invitations containing inaccurate information.” He was issued a fine of $140,000.

In 2008 the State of New York Insurance Department sanctioned him following allegations he “provided materially incorrect and untrue information” on a license application. He was issued a fine of $100.

If you have lost money investing with Charles Kulch, you may be entitled to recoup your losses. Call the attorneys at Fitapelli Kurta at 877-238-4175 for a free consultation. All cases are taken on a contingency basis, which means we only get paid if and when you collect money. Time to file your claim may be limited by law, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.