Customer Clams Mount Against Next Financial Group

Charles C. Kulch, of Nashua, New Hampshire, a stockbroker with Next Financial Group, recently disclosed that he settled a customer dispute for $120,000.00 on June 22, 2016, based upon allegations that Kulch mismanaged the customer’s securities account.

FINRA BrokerCheck reveals that Kulch has been subject to seven other customer disputes. Particularly, on April 21, 2015, Kulch settled a customer dispute for $150,000.00 in damages after the customer alleged that Kulch made investment recommendations in tenant in common interests and illiquid private placement investments which were not suitable for the customer.

On April 14, 2015, Kulch settled a customer dispute for $525,000.00 in damages in connection with allegations against Kulch of making misrepresentations concerning risks of investments and unsuitable recommendations to customers pertaining to tenant in common investments.

On July 15, 2004, Kulch settled a customer dispute for $100,000.00 in damages after the customer alleged that market losses were caused by Kulch’s unsuitable investment recommendations. On December 4, 2002, Kulch settled a customer dispute for $70,826.00 after the customer alleged excessive fees were charged and investments were not suitable for the customer.

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