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New Hampshire Securities Regulators Fine NEXT Financial $140,000

New Hampshire Securities Regulators Fine NEXT Financial $140,000 150 150 Rex Securities Law

 

In May 2014, the New Hampshire Bureau of Securities Regulation settled a claim with NEXT Financial and Charles C. Kulch, a broker with NEXT from Nashua, New Hampshire in a Consent Order in which NEXT and Kulch paid $140,000.
The NH regulators alleged that Kulch, through his company Kulch Financial Services, Inc. mailed seminar invitations to New Hampshire residents from 12/2010-12/2011 that contained inaccurate information. The mailers sent by Kulch were not properly reviewed for errors and NEXT approved the inaccurate mailers.
According to Adrian LaRochelle, Bureau Staff Attorney, “Direct mailers can be a legitimate effective way for brokers to solicit new clients. However, brokers and their firms are obliged to properly supervise such campaigns to ensure that New Hampshire investors are getting accurate information.”

Rex Securities Law , located in Boca Raton, FL, provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney. Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

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