Paul regan next level
Richard Whitacre’s life turned upside down in 2023. First the industrial mechanic in Pasadena, Md., got laid off from his longtime job. Soon after, he was diagnosed with colon cancer.
Then, out of nowhere, it seemed that a single investment would put Whitacre’s life back on track. Through a friend, he heard about a firm called Yield Wealth and the “guaranteed” 15.25% return it was offering to investors on some products.
In March, Whitacre withdrew his entire 401(k) from Fidelity—$763,094.21—and rolled it over into an individual retirement account with Yield, which was affiliated with a firm called Next Level Holdings.
Next Level is run by Paul Regan, whose history of financial infractions I detailed in columns on Aug. 30 and Sept. 20.
Now Whitacre, like hundreds of other investors who altogether put at least $50 million into these products, wonders if he’ll ever see his money again. Many of these people may be in desperate tax trouble.
In early November, Next Level failed to send out monthly distributions to investors. Then, on Nov. 15, Next Level sent clients a notice that the firm would be “liquidating investments and winding up its affairs.”
Whitacre and other clients w
“Some of the Mega High-Yield Term Deposit investors may be able to seek compensation for their losses from third-party financial advisors or investment advisory firms that recommended the Yield investments to them,” said attorney Alan Rosca, a Rosca Scarlato partner and veteran investor advocate.
Investor rights attorneys Alan Rosca and Paul Scarlato have reviewed a significant volume of records related to this matter and are preparing claims for compensation on behalf of some of the investors in Yield investment offerings. They have decades of combined experience seeking compensation related to investor harm and pursuing claims arising out of alleged violations of securities law, investment fraud, and/or Ponzi schemes.
If you are a Yield investor who bought Yield products at the recommendation of a financial professional and would like to learn more about their options, you may contact attorneys Alan Rosca or Paul Scarlato to learn more about your rights and for an evaluation of your potential claims, or to provide useful information. All consultations are free.
The Rosca Scarlato attorneys typically take cases like this on a contingency fee basis, advance all
W&F Q2 2023
Q2 Wealth & Finance Best Risk-Managed Investment Specialists 2023 & Investment CEO of the Year 2023: Paul Regan Meet the Hedge Fund Manager Delivering Stellar Returns with a Unique Insurance Based Risk Neutralizing Strategy. In investing, we know there is no free lunch. With higher returns comes increased risk. But what if you could neutralize some of the variables that create risk in traditional investing? What if timing or pricing the market, or being right about the direction was no longer necessary for a profitable trading strategy? Meet Paul Regan — a man who has created an arbitrage-based strategy that successfully does exactly that. And his innovation goes far beyond successful trading by pairing an actual insurance policy with each investment. We sat down with Paul to learn more about his unique innovation and new line of funds. Doing The Near-Impossible In the investment world, achieving high returns with low risk is akin to finding the Holy Grail. But, Mr. Regan’s past experience illustrates why he has been able to accomplish this seemingly impossible task of providing certain returns in an uncertain world. He’s been hard at work as a financial
Retirement Planning Awards 2023
Nov22526 Retirement Planning Awards 2023 Wealth & Finance Best Risk-Managed Investment Specialists 2023 & Investment CEO of the Year 2023: Paul Regan Gather the Hedge Fund Manager Delivering Stellar Returns with a Unusual Insurance Based Risk Neutralizing Approach In investing, we know there is no free lunch. With higher returns comes increased uncertainty. But what if you could neutralize some of the variables that create risk in traditional investing? What if timing or pricing the market, or entity right about the direction was no longer necessary for a profitable trading strategy? Meet Paul Regan— a man who has created an arbitrage-based strategy that successfully does exactly that. And his innovation goes far beyond successful trading by pairing an actual insurance policy with each investment, essentially creating a fresh asset class known as an “enhanced annuity” because it proposals the same guarantees as a standard annuity but with a higher yield and lower fees, hence the term “enhanced”. We sat down with Paul to learn more about his unusual innovation and new line of funds. Disrupting Traditional Risk Handling David Dewell, a top commodities tra
Federal and state authorities are investigating Next Level Holdings and Yield Wealth, firms that offered investors financial products touting outsize yields that are now in limbo.
The firms, along with investors who are no longer sure they can access their funds, were the subjects of three recent articles in The Wall Street Journal.
The two affiliated investment operations raised tens of millions of dollars in 2023 and 2024 by promising investors annual rates of return of 10.5%, 15% and up.
In November, after the second of the Journal’s articles, Next Level ceased paying interest and announced it was winding down its operations. Yield Wealth shut down in early September.
Next Level’s chief executive, Paul Regan, didn’t respond to requests for comment. Regan, the Journal has previously reported, was barred for life from the securities industry in 2004. Next Level is based in Miami and Medellín, Colombia.
Kimberly and Richard Whitacre, who were profiled in a Nov. 22 Journal article, are among investors who say their money is frozen. The Whitacres had invested $763,094 in retirement money into a Next Level a