Problem solved.
OK I moved the ground location, no change. So then I reversed what I understood to be the "In" vs. the "Out" connections on the Voltage Regulator and we have success.
I checked the subs and they are fully operational, no pop.
I would have assumed that hooking up the voltage regulator backwards would have prevented the subs from turning on, but based on my experience it seems that it would still pass a signal to turn on the amps, but just not regulate the voltage.
Thanks everyone for your suggestions. I hope this helps anyone else experiencing this problem.