Attention Marat Likhtenstein Customers: Investigation into Investor Losses by KlaymanToskes

A national investment loss and securities law firm, KlaymanToskes, has issued an important advisory for investors who have experienced financial losses as a result of the alleged misconduct of former broker Marat Likhtenstein. This notice comes following Likhtenstein’s indictment by the King’s County District Attorney’s Office, civil enforcement actions by the Securities and Exchange Commission (SEC), and a permanent industry bar imposed by the Financial Industry Regulatory Authority (FINRA).

Investors who have suffered losses with broker Marat Likhtenstein at Likhtenstein Financial Planning, Inc., and/or Osaic Wealth, Inc., are encouraged to reach out to attorney Lawrence Klayman for a complimentary and confidential consultation to explore potential avenues for recovery. The SEC’s complaint reveals that between April 2017 and June 2024, Likhtenstein managed to secure over $4.1 million from a minimum of 15 clients by promoting self-issued promissory notes he had personally issued. These notes were falsely marketed as investments in profitable business ventures. However, it was discovered that Likhtenstein allegedly used $3.2 million for personal expenses and utilized the remaining sum to make Ponzi-like payments to other investors. Notably, the SEC claims that Likhtenstein predominantly targeted the Russian-American Jewish community in his activities.

BrokerCheck records from FINRA indicate that Likhtenstein was affiliated with Osaic Wealth, Inc. from November 2018 to June 2024 and was subsequently barred in August 2024 due to his failure to provide information during an inquiry into undisclosed personal loan dealings with a client. Furthermore, there are currently five unresolved complaints against Likhtenstein related to misappropriation issues involving investor loan funds.

Attorney Lawrence Klayman underscores the importance of holding Osaic Wealth accountable for supervising Likhtenstein effectively. Failure to provide adequate oversight can be a basis for legal action, potentially leading to liability for the firm in a FINRA arbitration proceeding.

Investors who have experienced financial losses through their association with Likhtenstein may be eligible to recover these losses by initiating a FINRA arbitration claim. Interested parties are urged to contact KlaymanToskes at 888-997-9956 or [email protected] for a confidential consultation to explore potential avenues for recovery.

KlaymanToskes stands out as a leading national securities law firm specializing exclusively in securities arbitration and litigation on behalf of both retail and institutional investors worldwide in complex securities-related matters. The firm boasts a track record of reclaiming over $600 million in Securities Litigation and FINRA Arbitration cases and maintains office locations in California, Florida, Nebraska, New York, and Puerto Rico.

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