Next Level Holdings LLC Investigation: Investor Losses and Potential Recovery
The White Law Group is investigating potential claims on behalf of investors who suffered losses in Next Level Holdings LLC, Yield Wealth, and related entities.
According to recent reporting from the Wall Street Journal, Next Level Holdings marketed high-yield investment products that promised guaranteed returns of 10% to 15%. Many of these products were sold through self-directed retirement accounts, with assurances that the investments were insured and regulator-approved. In November 2024, the company reportedly stopped making payments to investors and began liquidating accounts, leaving many retirement savings at risk.
Recent Developments: Criminal Charges Against Paul Regan
In a major escalation on September 8th, 2025, federal prosecutors in Manhattan have now filed criminal securities and wire-fraud charges against Paul Regan, previously linked to Next Level Holdings and Yield Wealth. According to the indictment, Regan allegedly orchestrated a Ponzi-like scheme, defrauding more than 300 investors of at least $50 million by using incoming investor funds to pay off early investors and enrich sales agents—some of whom were not even licensed to sell securities.
Regan allegedly lured investors with claims of “guaranteed” double-digit returns and supposedly insured investments, even likening the coverage to a “bulletproof vest.” However, prosecutors say much of the documentation—including purported insurance proof—was forged or entirely fake, and investor money was diverted for personal or unauthorized purposes.
Critically, Regan allegedly failed to disclose his prior regulatory bar and disciplinary history, including earlier allegations of theft and forgery. The indictment, filed in April and unsealed last week, coincided with an SEC civil lawsuit. Law enforcement has been authorized to pursue his arrest and extradition, as he is believed to be residing in Colombia.
Next Level Holdings Lawsuit Investigation
The collapse of Next Level Holdings has raised questions about potential lawsuits and arbitration claims for investors who were misled. The SEC and several state regulators have launched investigations into the company, and regulators have noted that many of the claims made by the company were false or misleading.
If you invested in Next Level Holdings, you may be able to file a FINRA arbitration lawsuit against the financial advisor or brokerage firm that recommended the investment to you.
Investment Fraud Investigation
The company’s director, Paul Regan, who operated Next Level Holdings and Yield Wealth, has been accused of:
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Falsely claiming that Next Level’s offerings were “approved” by the SEC.
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Misrepresenting his credentials, including falsely suggesting ties to Goldman Sachs and claiming the CFA designation.
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Marketing investments as “fully insured” and “risk free,” despite their speculative and illiquid nature.
The firm reportedly raised tens of millions of dollars from retail investors in 2023 and 2024. Many retirees were persuaded to roll over their entire retirement accounts into these products, exposing them to devastating losses and potential tax liabilities.
Were FINRA Brokers Involved?
While Next Level Holdings itself was not a registered broker-dealer, reports suggest that some FINRA-registered financial advisors and brokerage firms may have recommended these products to clients.
Brokerage firms have a legal duty to:
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Conduct reasonable due diligence before recommending any investment.
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Ensure investments are suitable for each client’s financial profile and objectives.
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Provide full and fair disclosure of the risks involved.
If your advisor recommended Next Level Holdings without proper due diligence, the brokerage firm may be liable for your losses.
Options for Investors to Recover Losses
If you invested in Next Level Holdings LLC or Yield Wealth, you may have several options for pursuing recovery:
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FINRA Arbitration – A common avenue for investors to pursue claims against brokers and firms for unsuitable recommendations, misrepresentations, or failure to perform due diligence.
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Direct Legal Claims – In some cases, investors may pursue lawsuits directly against individuals or entities involved in fraudulent offerings.
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Regulatory Action – Ongoing SEC and state investigations may result in restitution orders, though recovery in these cases is often limited.
Unlike a class action, FINRA arbitration provides an individualized forum where investors can seek damages directly tied to their personal losses.
The White Law Group’s Investigation of Next Level Holdings
The White Law Group has been representing investors in claims against financial advisors and brokerage firms for over 30 years. Our firm is currently investigating claims involving Next Level Holdings, and we are reviewing whether financial advisors and brokerage firms that sold these products may be held responsible for investor losses.
Free Consultation
If you invested in Next Level Holdings LLC and/or Yield Wealth, or related offerings and are concerned about your investment losses, please contact the securities attorneys at The White Law Group at 888-637-5510 for a free consultation.
FAQs
What is the Next Level Holdings lawsuit about?
The Next Level Holdings lawsuit investigation centers on allegations that investors were misled with promises of guaranteed returns, insured accounts, and regulator approval. In reality, the company stopped payments in 2024 and began liquidating assets.
The Next Level Holdings lawsuit investigation centers on allegations that investors were misled with promises of guaranteed returns, insured accounts, and regulator approval. In reality, the company stopped payments in 2024 and began liquidating assets.
Can I recover money lost in Next Level Holdings?
Yes, depending on your circumstances. If a FINRA-registered broker or firm recommended the investment to you, you may be able to file a FINRA arbitration claim for damages.
Yes, depending on your circumstances. If a FINRA-registered broker or firm recommended the investment to you, you may be able to file a FINRA arbitration claim for damages.
What are my options if I invested through an IRA?
Investors who used self-directed IRAs to buy these products may face additional tax issues if rollovers were not completed properly. An attorney can review your case and help explore potential recovery strategies.
Investors who used self-directed IRAs to buy these products may face additional tax issues if rollovers were not completed properly. An attorney can review your case and help explore potential recovery strategies.
Is FINRA arbitration better than a class action?
In many cases, yes. FINRA arbitration allows investors to bring claims directly against their financial advisors and brokerage firms and may provide a more direct path to recovering losses.
In many cases, yes. FINRA arbitration allows investors to bring claims directly against their financial advisors and brokerage firms and may provide a more direct path to recovering losses.
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Last modified: September 9, 2025
