{"id":19084,"date":"2020-07-20T10:12:05","date_gmt":"2020-07-20T15:12:05","guid":{"rendered":"https:\/\/www.investorlawyers.com\/blog\/?p=19084"},"modified":"2022-07-22T11:52:13","modified_gmt":"2022-07-22T16:52:13","slug":"next-financial-broker-charged","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/next-financial-broker-charged\/","title":{"rendered":"Ex-NEXT Financial Broker Charles Kulch Accused of Overconcentrating Over 100 Massachusetts\u2019 Investors in Risky REITs"},"content":{"rendered":"<h2><span style=\"font-weight: 400;\">Galvin\u2019s Office Files Civil Lawsuit Alleging Overconcentration, Unsuitable Investments\u00a0<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">William Galvin, the Secretary of the Commonwealth of Massachusetts, has filed civil charges against former NEXT Financial Group broker, Charles Chester Kulch.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The state is accusing him of selling real estate investment trusts (REITs) and variable annuities (VA) to customers for whom they were unsuitable and overconcentrating their portfolios in these high risk, illiquid investments.<\/span><\/p>\n<div class=\"read_more_link\"><a href=\"https:\/\/www.investorlawyers.com\/blog\/next-financial-broker-charged\/\"  title=\"Continue Reading Ex-NEXT Financial Broker Charles Kulch Accused of Overconcentrating Over 100 Massachusetts\u2019 Investors in Risky REITs\" class=\"more-link\">Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Galvin\u2019s Office Files Civil Lawsuit Alleging Overconcentration, Unsuitable Investments\u00a0 William Galvin, the Secretary of the Commonwealth of Massachusetts, has filed civil charges against former NEXT Financial Group broker, Charles Chester Kulch.\u00a0 The state is accusing him of selling real estate investment trusts (REITs) and variable annuities (VA) to customers for whom they were unsuitable and [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":19085,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3774,3967,3873],"tags":[4388,3329,2762],"class_list":["post-19084","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-broker-dealers","category-failure-to-supervise","category-next-financial","tag-charles-kulch","tag-next-financial-group","tag-unsuitable-investments"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Ex-NEXT Financial Broker Charged For Overselling Risky REITs | SSEK<\/title>\n<meta name=\"description\" content=\"A former NEXT Financial broker, Charles Kulch, has been accessed of overconcentrating investors accounts in risky REITs. Find out more.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.investorlawyers.com\/blog\/next-financial-broker-charged\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Ex-NEXT Financial Broker Charged For Overselling Risky REITs | SSEK\" \/>\n<meta name=\"twitter:description\" content=\"A former NEXT Financial broker, Charles Kulch, has been accessed of overconcentrating investors accounts in risky REITs. 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Find out more.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.investorlawyers.com\/blog\/next-financial-broker-charged\/","twitter_card":"summary_large_image","twitter_title":"Ex-NEXT Financial Broker Charged For Overselling Risky REITs | SSEK","twitter_description":"A former NEXT Financial broker, Charles Kulch, has been accessed of overconcentrating investors accounts in risky REITs. Find out more.","twitter_image":"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2020\/07\/samson-ZGjbiukp_-A-unsplash-1.jpg","twitter_misc":{"Written by":"Shepherd Smith Edwards &amp; Kantas, LLP","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.investorlawyers.com\/blog\/next-financial-broker-charged\/#article","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/next-financial-broker-charged\/"},"author":{"name":"Shepherd Smith Edwards &amp; Kantas, LLP","@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"headline":"Ex-NEXT Financial Broker Charles Kulch Accused of Overconcentrating Over 100 Massachusetts\u2019 Investors in Risky REITs","datePublished":"2020-07-20T15:12:05+00:00","dateModified":"2022-07-22T16:52:13+00:00","mainEntityOfPage":{"@id":"https:\/\/www.investorlawyers.com\/blog\/next-financial-broker-charged\/"},"wordCount":534,"image":{"@id":"https:\/\/www.investorlawyers.com\/blog\/next-financial-broker-charged\/#primaryimage"},"thumbnailUrl":"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2020\/07\/samson-ZGjbiukp_-A-unsplash-1.jpg","keywords":["Charles Kulch","Next Financial Group","unsuitable investments"],"articleSection":["Broker-Dealers","Failure to Supervise","Next Financial"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.investorlawyers.com\/blog\/next-financial-broker-charged\/","url":"https:\/\/www.investorlawyers.com\/blog\/next-financial-broker-charged\/","name":"Ex-NEXT Financial Broker Charged For Overselling Risky REITs | SSEK","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.investorlawyers.com\/blog\/next-financial-broker-charged\/#primaryimage"},"image":{"@id":"https:\/\/www.investorlawyers.com\/blog\/next-financial-broker-charged\/#primaryimage"},"thumbnailUrl":"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2020\/07\/samson-ZGjbiukp_-A-unsplash-1.jpg","datePublished":"2020-07-20T15:12:05+00:00","dateModified":"2022-07-22T16:52:13+00:00","author":{"@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"description":"A former NEXT Financial broker, Charles Kulch, has been accessed of overconcentrating investors accounts in risky REITs. 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