Next Level Holdings Lawsuit: Investment Losses Linked to Paul Regan
The White Law Group is investigating potential securities claims on behalf of investors who suffered losses in Next Level Holdings LLC, Yield Wealth, and related entities allegedly operated by Paul Regan.
According to the Wall Street Journal and federal court filings, Next Level Holdings promoted high-yield investment products that promised “guaranteed” annual returns of 10% to 15%. Many investors used self-directed IRAs or retirement funds to invest after being told the products were “insured” and “regulator approved.”
However, in late 2024, Next Level Holdings reportedly stopped making payments to investors and began liquidating accounts—leaving many individuals with substantial investment losses.
Criminal Charges Filed Against Paul Regan
In a major development, federal prosecutors in Manhattan filed criminal securities fraud and wire fraud charges against Paul Regan in September 2025.
The indictment alleges that Regan operated Next Level Holdings and Yield Wealth as part of a Ponzi-like investment scheme, defrauding more than 300 investors of at least $50 million. According to prosecutors, Regan used new investor money to pay earlier investors and enrich unlicensed sales agents.
Authorities allege that Regan:
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Falsely marketed “insured” and “guaranteed” investment programs.
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Provided forged insurance documents and fake account statements.
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Failed to disclose his prior regulatory bar and disciplinary history for fraud and forgery.
The SEC has also filed a parallel civil lawsuit, and Regan is reportedly residing in Colombia, where U.S. authorities are seeking extradition.
Next Level Holdings Lawsuit Investigation
The collapse of Next Level Holdings LLC has prompted multiple investigations and potential lawsuits from regulators and investors. The SEC and various state regulators have alleged that the company’s investment claims were false and misleading.
If you invested in Next Level Holdings or Yield Wealth, you may have the right to file a FINRA arbitration claim against the financial advisor or brokerage firm that recommended these products.
Allegations Include:
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Misrepresenting Next Level Holdings as “SEC-approved.”
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Falsely claiming association with major firms like Goldman Sachs.
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Marketing speculative and illiquid products as “risk-free” or “insured.”
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Using investor funds for unauthorized or personal expenses.
Many investors—particularly retirees—rolled over their entire retirement savings, leaving them exposed to significant financial losses and potential tax liabilities.
Were FINRA Brokers Involved?
While Next Level Holdings was not a registered broker-dealer, reports indicate that certain FINRA-registered advisors and brokerage firms may have recommended or sold these products to clients.
Brokerage firms are required by FINRA regulations to:
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Conduct due diligence before recommending any investment.
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Ensure suitability for the investor’s goals and risk tolerance.
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Provide accurate and complete disclosure of risks.
If your advisor failed to perform adequate due diligence before recommending Next Level Holdings, your brokerage firm may be liable for your investment losses.
Options for Investors to Recover Losses
Investors who suffered losses in Next Level Holdings LLC or Yield Wealth may have several paths to recovery:
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FINRA Arbitration: File a claim against a brokerage firm or financial advisor for unsuitable investment recommendations or misrepresentations.
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Direct Legal Action: Pursue a lawsuit against Paul Regan or others involved in the offering.
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Regulatory Restitution: SEC or state enforcement actions may lead to restitution orders, although these often provide limited recovery.
Unlike a class action lawsuit, FINRA arbitration allows investors to recover losses based on their individual investment experience.
The White Law Group’s Next Level Holdings Investigation
For over 30 years, The White Law Group has represented investors in FINRA arbitration claims involving fraudulent investment schemes, Ponzi-like programs, and negligent financial advisors.
The firm is currently reviewing claims involving:
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Next Level Holdings LLC
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Yield Wealth
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Paul Regan and associated entities
If your advisor or brokerage firm recommended these products, you may have a claim for negligence, misrepresentation, or failure to perform due diligence.
Free Consultation
If you invested in Next Level Holdings, Yield Wealth, or related offerings and have suffered investment losses, contact The White Law Group for a free case evaluation at 888-637-5510 or through our online contact form.
FAQs
What is the Next Level Holdings lawsuit about?
The Next Level Holdings lawsuit involves allegations that Paul Regan defrauded investors through false promises of insured, guaranteed investments that later collapsed in 2024.
Can I recover my Next Level Holdings investment losses?
Yes, if your financial advisor or brokerage firm recommended Next Level Holdings, you may be eligible to file a FINRA arbitration lawsuit for damages.
Who is Paul Regan?
Paul Regan is the founder of Next Level Holdings LLC and Yield Wealth, accused by federal prosecutors and the SEC of operating a $50 million Ponzi-like scheme targeting retail investors.
What should I do if I invested through my IRA?
If you used a self-directed IRA, you may face additional risks or tax issues. An experienced securities attorney can help evaluate recovery options.
