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 Mr. Regan.
According to the Wall Street Journal and federal court filings, these entities 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 significant development, federal prosecutorsin Manhattan filed criminal charges of securities fraud and wire fraud against Mr. Regan in September 2025.
The indictment alleges that Regan operated his entities 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:
- Falsely marketed “insured” and “guaranteed” investment programs.
- Provided forged insurance documents and fake account statements.
- 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.
Investment Losses? Contact us now for a free consultation!
Next Level Holdings Lawsuit Investigation
The collapse of this investment entity 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 the previously mentioned entities, you may have the right to file a FINRA arbitration claim against the financial advisor or brokerage firm that recommended these products.
Allegations include:
- Misrepresenting Next Level Holdings as “SEC-approved”
- Falsely claiming association with major firms like Goldman Sachs
- Marketing speculative and illiquid products as “risk-free” or “insured.”
- 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.
Understanding the Legal Fallout for Investors
When an investment operation collapses under regulatory scrutiny, the consequences extend far beyond financial losses. For many investors, the situation becomes a confusing mix of criminal investigations, civil enforcement actions, and unanswered questions. Understanding how these cases unfold can help investors make sense of what comes next.
In situations involving alleged criminal securities fraud, the focus often shifts from performance to conduct. Regulators and prosecutors are less concerned with whether an investment failed and more concerned with how it was marketed, sold, and managed behind the scenes.
Criminal Investigations and Investor Impact
Federal criminal cases typically arise when authorities believe investors were intentionally misled. Allegations of criminal securities fraud often involve false statements, fabricated documentation, or guarantees that never existed. These cases can take years to resolve, leaving investors in limbo while criminal proceedings move forward.
At the same time, prosecutors may pursue wire fraud charges when communications such as emails, phone calls, or online platforms were used to solicit funds. These charges often accompany securities-related offenses and can significantly increase potential penalties. For investors, however, criminal cases don’t automatically result in repayment or restitution.
Civil Claims and Parallel Proceedings
While criminal cases focus on punishment, civil actions focus on accountability. Regulatory agencies may file lawsuits seeking injunctions, penalties, or asset freezes. In parallel, investors may pursue private claims to recover losses tied to criminal securities fraud, misrepresentation, or failure to disclose material risks.
Many investors first encountered these offerings through trusted advisors or platforms like Yield Wealth, where the emphasis was often placed on steady returns and perceived safety. When those assurances collapse, investors are left asking whether proper due diligence was ever performed.
Why Wire Fraud Allegations Matter
Allegations involving wire fraud charges often broaden the scope of liability. They suggest that interstate communications were used to promote investments under false pretenses. From a legal standpoint, this can strengthen the government’s case and open additional avenues for enforcement.
For investors, wire fraud allegations may also signal that marketing materials, account statements, or digital communications contained inaccuracies. These details can be critical evidence in civil recovery efforts, particularly when arbitration claims are filed against intermediaries who relied on them.
Evaluating Recovery Options After Fraud Allegations
Even when criminal cases are pending, investors are not required to wait for a verdict before exploring recovery options. Civil claims may proceed independently, mainly where losses stem from unsuitable recommendations or reliance on misleading information tied to Yield Wealth offerings.
Investors affected by alleged criminal securities fraud or wire fraud charges should understand that restitution from criminal cases is often limited. Recovery typically depends on identifying responsible parties, tracing funds, and determining whether financial professionals failed to meet regulatory obligations.
In these situations, a careful review of account records, communications, and disclosures can help clarify whether losses may be recoverable through arbitration or other civil remedies.
Were FINRA Brokers Involved?
Investors are often drawn in by promises of stability and predictable income, only to discover significant risks that were never fully explained. When losses occur, reviewing how the investment was presented can reveal whether disclosures were incomplete or misleading.
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.
FINRA regulations require brokerage firms to:
- Conduct due diligence before recommending any investment.
- Ensure suitability for the investor’s goals and risk tolerance.
- 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:
- FINRA Arbitration: File a claim against a brokerage firm or financial advisor for unsuitable investment recommendations or misrepresentations.
- Direct Legal Action: Pursue a lawsuit against Paul Regan or others involved in the offering.
- Regulatory Restitution: SEC or state enforcement actions may result in restitution orders, though 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.
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.
Investment Losses? Contact us now for a free consultation!
FAQs
What is the Next Level Holdings lawsuit about?
This lawsuit involves allegations that Paul Regan defrauded investors through false promises of insured, guaranteed investments that later collapsed in 2024.
Can I recover my investment losses?
Yes, if your financial advisor or brokerage firm recommended the entities mentioned above, you may be eligible to file a FINRA arbitration claim for damages.
Who is Paul Regan?
He is the founder of Next Level Holdings, LLC, and Yield Wealth. He has been 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 your recovery options.
Last modified: February 5, 2026
