JOSE A QUINONES Barred by FINRA

JOSE A QUINONES (JOSE ANTHONY QUINONES JR, TONY QUINONES JR, TONY QUINONES) has been permanently barred by FINRA from acting as a broker or otherwise associating with a broker-dealer firm on 6/10/2025.  Quinones was registered as a broker with PFS INVESTMENTS INC of Kissimmee, Florida, from10/29/2014 - 12/31/2024.

According to the FINRA report, without admitting or denying FINRA’s findings, JOSE A QUINONES consented to the sanction and to the entry of findings that he refused to provide documents and information requested by FINRA as a part of its investigation into the circumstances giving rise to an amended Form U5 filed by his member firm.

FINRA’s findings stated that the amended Form U5 disclosed that JOSE A QUINONES was under review for alleged potential involvement in an undisclosed OBA (Outside Business Activity) at the time he was terminated for failing to renew his securities registration.

According to FINRA’s BrokerCheck, available to the public on FINRA’s website, JOSE A QUINONES was in the securities industry for 27 years and was listed with 7 firms.  He has 4 disclosures on his FINRA CRD report, including the “Regulatory” disclosure barring him from the industry.

On 12/31/2024 there was an “Employment Separation after Allegations” filed against JOSE A QUINONES.  Quinones was permitted to resign from PFS INVESTMENTS INC following the allegations of, “The representative was under internal review for potential involvement with an undisclosed outside business activity, Next Level Holdings, at the time he terminated for failure to renew his securities registration. The representative denied involvement in Next Level Holdings.”

In a September 9, 2025 press release from the US Attorney’s Office Southern District of New York, it was announced the unsealing of an indictment charging PAUL REGAN with conspiracy, securities fraud, and wire fraud.  The charges in the indictment arise from a scheme to defraud retail investors in projects called Next Level Holdings and Yield Wealth Ltd. by misrepresenting how those companies would use investors’ money, and the protections investors would have against losses. 

According to the press release, REGAN’s alleged fraudulent scheme tricked over 300 people to invest more than $60 million in the Next Level Holdings and Yield investment products.  When the fraud was eventually exposed, REGAN’s investors were left with over $50 million in losses.  REGAN was arrested in the Southern District of Florida on September 4, 2025, and ordered detained following his removal from the Republic of Colombia. 

According to the allegations in the Indictment unsealed on September 4, 2025, in Manhattan federal court, from at least 2022 through December 2024, REGAN and a team of salesmen and associates defrauded hundreds of retail investors by offering investment products through the two entities, Next Level Holdings and Yield, based on alleged false and misleading statements.  When REGAN’s fraud was eventually exposed, REGAN closed Next Level and Yield, leaving investors with over $50 million in losses.

To discuss this article or any other securities issues, contact the Florida-based Soreide Law Group and speak to an experienced securities lawyer at no cost:  888-760-6552.

Soreide Law Group represents clients nationwide before FINRA on a contingency fee basis.