Marat Likhtenstein Faces Fraud Charges as Former Osaic Advisor

Marat Likhtenstein, a former financial advisor from Brooklyn, New York, has found himself facing allegations of orchestrating an offering fraud scheme. These charges were brought against him in September, with Securities and Exchange Commission records revealing that he was last registered as an investment advisor with Osaic Wealth.
In a litigation release dated February 6, 2026, the SEC detailed the charges against Mr. Likhtenstein. The release stated that he had “solicited, recommended, and sold self-issued investments in the form of promissory notes that raised more than $4.1 million from at least 15 advisory clients.” The SEC noted that many of the investors affected by Likhtenstein’s alleged scheme were elderly individuals from the Russian-American Jewish community.
The SEC further outlined that Likhtenstein had falsely represented to investors that purchasing promissory notes from his “side business” would yield exceptional returns through investments in lucrative business opportunities. Instead of fulfilling these promises, the SEC claims that he engaged in fraudulent activities akin to a Ponzi scheme, using funds from new investors to pay returns to previous investors while diverting a significant portion of the money for personal use. Although Likhtenstein entered into a settlement with the SEC that involved injunctive and monetary relief, he did not admit or deny the allegations brought against him.
Likhtenstein’s Investment Adviser Public Disclosure form reveals that he is facing five investor complaints filed in 2025, all alleging misappropriation of funds during his time with Osaic Wealth. The pending complaints seek damages totaling more than $2.4 million related to his activities.
Having amassed 19 years of experience in the securities industry, Marat Likhtenstein was previously based in Brooklyn, New York, where he was registered as an investment advisor with Osaic Wealth from 2018 to 2024. Prior to this, he was affiliated with Signator Investors from 2004 to 2018. Likhtenstein has successfully completed the Series 66 examination but is currently not licensed as an investment advisor as of February 6, 2026.
For individuals who have suffered investment losses due to the actions of financial advisors or investment firms, Carlson Law offers representation across the United States. Those seeking assistance can reach out to Carlson Law at 888-976-6111 or submit a contact form to schedule a confidential consultation.