Marat Likhtenstein

9/12/24:

Marat Likhtenstein, formerly with Royal Alliance (now Osaic Wealth) in Brooklyn, New York, has been barred from the securities industry by FINRA for refusing to cooperate with an investigation. FINRA was examining whether Likhtenstein failed to disclose personal loan transactions with a client, which is generally prohibited for brokers. Likhtenstein was registered with Royal Alliance and Osaic from November 2018 to June 2024, and was terminated by Osaic for the same alleged conduct. Israels & Neuman is currently investigating claims related to his actions.

8/13/24:

Marat Likhtenstein, a former General Securities Representative (GS), submitted a Letter of Acceptance, Waiver, and Consent (AWC) to settle allegations of rule violations made by the Financial Industry Regulatory Authority (FINRA). According to the AWC, Likhtenstein was associated with multiple FINRA member firms from 1994 to 2018 and most recently with Osaic Wealth, Inc. until June 2024. His termination from Osaic Wealth was due to his failure to disclose personal loan transactions with a client. The AWC notes that Likhtenstein refused to provide information, documents, or appear for on-the-record testimony as required by FINRA Rule 8210. This refusal constituted violations of both FINRA Rule 8210 and FINRA Rule 2010. By submitting the AWC, Likhtenstein consents to FINRA’s findings without admitting or denying them, and in return, FINRA agrees not to bring any future actions against him based on the same facts.