Tr?id=566623520170033&ev=PageView&noscript=1

Next Level Holdings and Yield Wealth Under Federal and State Investigation

Posted on January 3rd, 2025 at 12:06 PM
Next Level Holdings and Yield Wealth Under Federal and State Investigation

From the desk of Jim Eccleston at Eccleston Law

Federal and state authorities are investigating Next Level Holdings and Yield Wealth, two investment firms accused of offering high-yield financial products now facing significant turmoil, according to the Wall Street Journal. The Securities and Exchange Commission (SEC) issued subpoenas to individuals involved with the firms in late November, and multiple state securities regulators have launched parallel inquiries.

The Miami- and Medellín-based operations raised tens of millions of dollars in 2023 and 2024 by promising annual returns as high as 15 percent. Despite those assurances, Next Level ceased interest payments and announced a wind-down in November, while Yield Wealth closed its doors in September.

The Wall Street Journal reports that at the center of the controversy is Paul Regan, CEO of Next Level, who has been barred from the securities industry for life since 2004.

Wall Street Journal also reports that both firms are under scrutiny for their promises of outsized returns, which many regulators view as red flags for potential fraud. The investigations will likely focus on asset management practices, misrepresentations to investors, and potential violations of securities laws.

 

Eccleston Law LLC represents investors and financial advisors nationwide in securities, employment, transition, regulatory, and disciplinary matters.

Tags: eccleston, eccleston law

Return to Archive

TESTIMONIALS

Previous
Next
Quotes Bigger

Thank you for your professional assistance with this matter. You are very good at what you do.

John T.

LATEST NEWS AND ARTICLES

1792610544 Law
October 21, 2026
FINRA Fines and Suspends Former LPL Broker Over Undisclosed Customer Settlement

The Financial Industry Regulatory Authority (FINRA) fined former LPL Financial broker Gregory W.

1792523173 Law
October 20, 2026
FINRA Orders American Portfolios to Pay $1.6 Million Over Unit Investment Trust Supervision Failures

The Financial Industry Regulatory Authority (FINRA) has ordered American Portfolios, the broker-dealer later absorbed into Osaic, to pay more than $1.6 million in restitution and fines over failures to supervise financial advisors who repeatedly recommended that customers sell unit investment trusts (UITs) before maturity.

1792432258 Law
October 19, 2026
FINRA Bars Former LPL Broker Over Alleged $1.7 Million Customer Theft

The Financial Industry Regulatory Authority (FINRA) has barred former LPL Financial broker Rudy Anguiano after finding that he converted more than $1.7 million from two customers, according to AdvisorHub.