Last Updated: March 2024 (Nahua, New Hampshire)
Charles Kulch Investigation Summary
Here’s what you need to know about Nashua, NH, stockbroker Charles Kulch:
- Name: Mr. Charles Chester Kulch
- Current Employer: Not currently registered with FINRA
- DBA: Kulch Financial Services, Wood Associates, Kulch Insurance Group, Kulch Associates, Kulch Associates Team Business Development Corp.
- Previous Firms: NEXT Financial Group, Investors Capital Corp.
- Function: Stock Broker/ Financial Advisor
- Aliases: Charles Kulch
- Primary Location: Nashua, NH
- CRD 2371584
- Can Charles Kulch be sued in FINRA arbitration: Yes
- Sanctioned by State Securities Regulators: Yes-Massachusetts, New Hampshire & New York
- Highest Settlement or Award: $150,000
Discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Charles Kulch As Your Stockbroker?
Charles Kulch has been sanctioned by the states of Massachusetts, New Hampshire and New York. Sanctions reported on his CRD include:
- 2/2024- New Hampshire consent order– Kulch ordered to pay, jointly and severally with his prior firm NEXT Financial, restitution of $663,358, administrative fine of $325,000, costs of $100,000. Kulch was permanently barred from any securities licensure in New Hampshire. According to New Hampshire regulators, Kulch was overcharging clients with hundreds of thousands ”excessive and unnecessary fees from his clients” called “consulting service agreements” , CSA’s. Kulch worked for NEXT Financial from 2006 until 2020.
- 6/2021-Massachusetts Securities Division- Ordered Kulch to pay restitution of $25,000 and a civil fine of $25,000 for over-concentration accounts in illiquid, risky and high commission products, including non-traded real estate investment trusts and variable annuities. Permanently barred in state of Massachusetts.
[LEARN MORE]: See this for more information on REITs and Other Alternative Investments
[LEARN MORE]: Investigations involving Over-Concentration
Kulch discloses 11 prior customer disputes. Nine of these claims, all of which involve non-traded real estate investment trusts (REITs) and other alternative investments, were settled for a cumulative amount of more than $800,000.
Allegations of Broker Misconduct Against Charles Kulch
Customers of Charles Kulch have alleged the following wrongdoing in connection with the handling of customer accounts:
- Unsuitable Investment Recommendation to invest in illiquid and risky non-traded alternative investments
- Unsuitable recommendation to invest in high risk, speculative, illiquid private placements and tenant-in-common interests
- Violations of New Hampshire Securities Act
Alternative Investments: These are assets that are not stocks, bonds or cash. Alternative investments generally fall within five categories: hedge funds, private capital, natural resources (oil and gas, energy), real estate (REITs) and infrastructure. They are typically less liquid that conventional investments, less regulated with higher fees and generally higher risk.
The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.
Recover Your Investment Losses Now With Rex Securities Law
[LEARN MORE]: Investigations of other Next Financial Group brokers
If you have suffered investment losses in an account handled by Charles Kulch, contact us for a complimentary consultation with an experienced securities lawyer to learn how you may be able to recover damages through FINRA arbitration.
With offices in Boca Raton, FL and Austin, TX, stockbroker fraud attorney Bob Rex provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers, financial advisors and broker dealers.
If you have questions about how your account has been handled, call (877) 224-3199 to speak with an experienced securities attorney at no cost to you.
Most cases are handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
