INDEPENDENT VERDICT
WealthPlan Trading LLC is unusual because the SEC issuer and the public-facing business do not present themselves like a traditional pooled investment fund or registered advisory firm. The November 26, 2025 Form D reported approximately $4.465 million of securities sold by WealthPlan Trading LLC, while the September 18, 2026 filing opened a new indefinite debt offering with a $50,000 minimum investment, $0 sold and first sale yet to occur. The same 2026 filing classifies the issuer under "Other Banking & Financial Services," not as a hedge fund, private-equity fund, venture-capital fund or registered investment company, and identifies Anthony Ryan Leslie as founder and executive officer. The public WealthPlan Club website independently confirms that Ryan Leslie is the founder, while its 2026 Terms & Conditions explicitly state that WealthPlan Trading LLC operates the membership program and that the services are educational rather than personalized financial advice. That distinction is central to this case: WealthPlan Trading LLC is simultaneously an SEC Form D issuer and the operator of a private investing-education and mentorship ecosystem, but the reviewed public materials do not establish that it is an SEC-registered investment adviser or broker-dealer. Investors evaluating the new debt offering therefore need to separate the educational membership business from the securities being offered by the same legal company.
THE 2025 AND 2026 FORM D FILINGS DESCRIBE DIFFERENT FUNDRAISING EVENTS
The filing history shows a material change in structure rather than a simple annual amendment. WealthPlan Trading LLC, CIK 0002091547, filed its first reviewed Form D on November 26, 2025 from 228 Park Avenue South, unit 41371, New York. Public Form D indexing reports approximately $4.465 million sold in that offering. On September 18, 2026, however, the company filed a new notice rather than merely updating the earlier raise. The new filing identifies an indefinite debt offering under Rule 506(b), sets the minimum investment at $50,000, says the offering is expected to last more than one year and reports $0 sold with zero investors because the first sale had not yet occurred. No broker-dealer or sales-compensation recipient is named, and both sales commissions and finder fees are reported as zero. The issuer also declined to disclose its revenue or net-asset-value range. This means the 2025 $4.465 million raise should not automatically be described as the same instrument now being offered in 2026. The newer filing is specifically a debt offering and deserves its own document-level analysis: maturity, coupon, collateral, subordination, conversion rights and repayment source are not disclosed in Form D and must come from the actual offering materials.
WEBSITE / ENTITY PENETRATION: THIS MATCH IS STRONGER THAN THE BRAND NAME ALONE
The legal connection between the website and SEC issuer is unusually direct. WealthPlan Trading LLC's 2026 Terms & Conditions state that the WealthPlan Club website, programs, services, content, events and community are operated by WealthPlan Trading LLC. The company's privacy policy uses the same legal name. The current WealthPlan Club website identifies Ryan Leslie as founder, while the September 2026 Form D names Anthony Ryan Leslie as the issuer's executive officer and founder. The SEC filing and website therefore align on legal company, founder identity and New York-based WealthPlan branding. The website also uses multiple related domains and subdomains including wealthplan.co, members.wealthplan.co and club.wealthplan.co, with the legal terms applying across the ecosystem. This is a materially stronger entity match than cases where an attractive brand website has no CIK, no legal-name disclosure and no recognizable executive overlap.
THE MOST IMPORTANT DISTINCTION: EDUCATION BUSINESS VERSUS SECURITIES ISSUER
WealthPlan's own legal disclosures create the central diligence issue. The WealthPlan Club describes itself as a private education and mentorship community focused on financial literacy, investing, trading and capital awareness. Its 2026 Terms state that WealthPlan Trading LLC and its representatives are not licensed financial advisers, investment advisers, brokers, accountants or attorneys through the educational membership relationship, and that participation does not create an advisory or fiduciary relationship. Yet the same legal entity has filed Form D notices to offer securities. Those two facts are not inherently inconsistent: a company can operate an education business and separately raise capital through exempt securities offerings. But investors should not confuse the two roles. Paying for WealthPlan Club membership does not appear, based on the public terms reviewed, to make a person an investment-advisory client, while purchasing securities from WealthPlan Trading LLC would create a separate issuer-investor relationship governed by offering documents rather than the educational membership terms.
RYAN LESLIE, MEMBERSHIP MARKETING AND WHAT PUBLIC MATERIALS DO NOT CONFIRM
WealthPlan's current public materials are heavily founder-centered. Ryan Leslie is presented as the creator of the platform and mentor behind its investing framework, with programs covering equities, options, cryptocurrency, real estate, venture investing, private debt and other wealth-building topics. Some WealthPlan pages publish member testimonials, trading-performance examples and claims relating to the founder's own or member investment experiences. The company's terms simultaneously state that examples, testimonials and case studies are illustrative and that no investment results are guaranteed. Those marketing materials may explain the commercial identity of WealthPlan, but they do not explain the economics of the 2026 debt securities. FilingDossier did not find public evidence in the reviewed materials identifying a stated interest rate, maturity date, collateral package, security priority, audited financial statements or use-of-proceeds breakdown for the new debt raise. Those omissions are far more important to a prospective securities investor than the educational curriculum or member testimonials.
LITIGATION CHECK: 2026 TCPA CASE IS PUBLIC, BUT IT IS NOT A SEC ENFORCEMENT ACTION
A separate public-record issue also deserves precise treatment. Steven Buriek filed a federal lawsuit against WealthPlan Trading LLC in the Southern District of California on February 10, 2026 under the Telephone Consumer Protection Act, 47 U.S.C. § 227, involving alleged unsolicited telephone-sales communications. Public docket records show service in March and a request for clerk entry of default activity in April. This is a private civil case, not an SEC enforcement action, securities-fraud finding or regulatory determination about the Form D offering. FilingDossier found no basis in the reviewed docket summary to describe the allegations as proven. The case is nevertheless relevant to operational diligence because it concerns the company's marketing and communications practices, and WealthPlan's own privacy policy confirms use of email and SMS marketing systems. Investors should distinguish clearly between a pending private communications lawsuit and any hypothetical securities-law or investment-adviser violation.
FINAL ASSESSMENT
WealthPlan Trading LLC has a clearer legal identity than many education-first investing brands because the public Terms & Conditions expressly identify the operating company, the SEC issuer uses the same legal name and address family, and Ryan Leslie is consistently linked to both the public platform and SEC filings. The unusual aspect is the business-model overlap: a financial-education and mentorship company that previously raised approximately $4.465 million through a Form D filing has now launched a separate Rule 506(b) debt offering with a $50,000 minimum. The public Form D confirms that the offering exists but does not disclose enough information to evaluate credit quality. For this particular issuer, the most important questions are therefore not generic private-placement questions but basic debt-underwriting questions: what investors are lending against, how repayment will be funded, whether debt is secured, what seniority it has, whether the education business generates sufficient cash flow, and how the 2025 capital raise was used. The public website strongly verifies the operator identity, but it does not substitute for the debt agreement, financial statements or subscription documents.
SEC SNAPSHOT
Legal Issuer: WealthPlan Trading LLC Brand: WealthPlan / The WealthPlan Club CIK: 0002091547 SEC File No.: 021-565117 Jurisdiction: New York Entity Type: Limited Liability Company Principal Business Address: 228 Park Avenue South, 41371, New York, New York 10003 Phone: 323-790-4989
Founder / Executive Officer: Anthony Ryan Leslie
2026 Form D Filing Date: September 18, 2026
Industry Classification: Other Banking & Financial Services
Federal Exemption: Rule 506(b)
Security Type: Debt
Offering Amount: Indefinite
First Sale Status: Yet to occur
Amount Sold: $0
Investors: 0
Minimum Investment: $50,000
Offering Expected to Last More Than One Year: Yes
Sales Commissions: $0
Finders' Fees: $0
Revenue / NAV Range: Declined to disclose
SEC Investment Company Classification: Not filed as a pooled investment fund in the reviewed 2026 Form D
2025 FUNDRAISING HISTORY
Form D Filing Date: November 26, 2025
CIK: 0002091547
Reported Amount Sold: Approximately $4,465,000
Issuer: WealthPlan Trading LLC
Business Address: 228 Park Avenue South, 41371, New York, New York 10003
Related Executive: Anthony Ryan Leslie
Research Significance: The 2025 raise demonstrates prior securities fundraising by the same legal entity, but the 2026 filing is a new debt offering and should not automatically be treated as an amendment to the same economic instrument.
WEBSITE / ENTITY PENETRATION
Official / Operating Domains Reviewed: wealthplan.co club.wealthplan.co members.wealthplan.co
Legal Terms Operator: WealthPlan Trading LLC
Founder Named on Website: Ryan Leslie
SEC Founder / Executive: Anthony Ryan Leslie
Legal Name Match: Confirmed
Founder Match: Confirmed
Educational Business Relationship: Confirmed through WealthPlan Terms & Conditions
Website Stated Purpose: Private educational membership and mentorship community focused on financial literacy, investing and capital awareness
Website Legal Disclaimer: WealthPlan Trading LLC states that its educational services do not create an investment-advisory or fiduciary relationship.
Registered Investment Adviser Status: Not confirmed from the reviewed WealthPlan materials
Broker-Dealer Status: Not confirmed from the reviewed WealthPlan materials
CRD: Not confirmed for WealthPlan Trading LLC
SEC 801 Number: Not confirmed for WealthPlan Trading LLC
Important Distinction: A Form D filing gives WealthPlan Trading LLC an SEC issuer record. It does not make the company an SEC-registered investment adviser, broker-dealer or investment company.
2026 DEBT OFFERING QUESTIONS
Security Type: Debt
Minimum: $50,000
Publicly Confirmed Interest Rate: Not confirmed
Publicly Confirmed Maturity: Not confirmed
Publicly Confirmed Collateral: Not confirmed
Publicly Confirmed Seniority: Not confirmed
Publicly Confirmed Conversion Feature: Not confirmed
Publicly Confirmed Financial Covenants: Not confirmed
Publicly Confirmed Audited Financial Statements: Not identified in the materials reviewed
Publicly Confirmed Use of Proceeds: Not detailed in the reviewed Form D
Research Significance: These are the core economics required to evaluate the 2026 offering and cannot be inferred from the WealthPlan educational website.
BUSINESS MODEL EVIDENCE
The WealthPlan Club publicly describes services including: Financial education Investing education Stock-market strategies Options education Cryptocurrency and blockchain topics Real-estate education Venture and startup investing education Private debt education Financial wellness coaching Membership community Mentorship programs
Founder Marketing: Ryan Leslie is prominently presented as WealthPlan founder and mentor.
Legal Qualification: WealthPlan's 2026 Terms characterize the programs as educational and informational rather than personalized advisory services.
PUBLIC LITIGATION CHECK
Case: Buriek v. WealthPlan Trading LLC
Court: U.S. District Court for the Southern District of California
Case Number: 3:2026-cv-00821
Filed: February 10, 2026
Plaintiff: Steven Buriek
Defendant: WealthPlan Trading LLC
Cause of Action: Telephone Consumer Protection Act / 47 U.S.C. § 227
Public Docket Activity Reviewed: Complaint filed Summons issued Service reported in March 2026 Request for clerk entry of default activity in April 2026
Important Qualification: The public docket reflects allegations in private civil litigation. FilingDossier does not treat the allegations as established facts, and this case is not an SEC enforcement proceeding.
FIVE FACTS UNIQUE TO THIS CASE
- WealthPlan Trading LLC operates a private investing-education membership business while also filing SEC Form D securities offerings under the same legal company.
- The November 2025 filing reportedly showed approximately $4.465 million sold, while the September 2026 filing starts a new indefinite debt offering at $0 sold.
- The new 2026 securities offering requires a $50,000 minimum but publicly disclosed Form D data do not reveal its interest rate, maturity, collateral or seniority.
- WealthPlan's own 2026 legal terms explicitly state that its education membership does not create an investment-advisory or fiduciary relationship.
- A 2026 federal TCPA lawsuit names the same WealthPlan Trading LLC, adding an operational marketing-compliance issue that is separate from securities regulation.
CORE INVESTOR QUESTIONS
- What exact debt instrument is WealthPlan Trading LLC offering in 2026
- What annual interest or other return does the debt promise
- What is the maturity date
- Is the debt secured or unsecured
- If secured, what specific assets are pledged
- Is the debt senior, subordinated or structurally junior to other obligations
- What were the economic terms of the approximately $4.465 million 2025 securities raise
- How were proceeds from the 2025 raise used
- What are WealthPlan Trading LLC's current revenues, cash flow, debt obligations and cash balance
- Are audited financial statements available to prospective investors
- What percentage of company revenue comes from memberships, mentorship programs, events or other products
- Does the new debt finance working capital, growth, marketing, acquisitions or another purpose
- Does Ryan Leslie personally guarantee any obligations
- Are there financial covenants or restrictions on additional borrowing
- What rights do debt holders have if WealthPlan defaults or ceases operations
- Are securities purchasers separate from WealthPlan Club members, or is there overlap between the two groups
ENTITY-SPECIFIC RISKS
The issuer is not presented in the Form D as a traditional pooled investment fund, so private-fund AUM analysis is not applicable. The new offering is debt, making repayment capacity and balance-sheet strength more important than founder investment philosophy. The Form D does not disclose the debt's coupon, maturity, collateral or priority. The same legal entity combines an education business with securities fundraising, making role separation important. Educational membership testimonials do not establish issuer creditworthiness. Founder-centered branding can make investors over-rely on personal reputation rather than company financial statements. The company declined to disclose revenue or net-asset-value range in the 2026 Form D. The 2026 debt offering was still pre-first-sale at filing, so actual fundraising progress remains unconfirmed. The 2025 securities raise and 2026 debt offer may have materially different terms. The pending TCPA litigation concerns alleged marketing communications and should be monitored separately from the securities offering.
PRIMARY EVIDENCE REVIEWED
U.S. Securities and Exchange Commission Form D filed September 18, 2026 for WealthPlan Trading LLC. U.S. Securities and Exchange Commission filing detail for WealthPlan Trading LLC's November 26, 2025 Form D. WealthPlan Club official website. WealthPlan Club 2026 Terms & Conditions. WealthPlan Trading LLC privacy policy. WealthPlan membership and founder materials identifying Ryan Leslie. Public federal-court docket for Buriek v. WealthPlan Trading LLC.
IMPORTANT FORM D NOTICE
Form D is a notice of an exempt securities offering and is not SEC approval, endorsement, licensing or confirmation that WealthPlan Trading LLC can repay its debt. In this case, the distinction is particularly important because the issuer also operates an investing-education business whose own legal terms state that it is not providing an investment-advisory relationship through membership. FilingDossier treats educational services, issuer securities, website marketing and pending civil litigation as separate evidence categories rather than combining them into one conclusion.