Marat Likhtenstein, of Brooklyn, New York, a stockbroker registered with Osaic Wealth Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Likhtenstein failed to comply with FINRA’s investigation requests concerning his termination from Osaic Wealth. Letter of Acceptance, Waiver, and Consent No. 2024082598101 (August 5, 2024).
According to the AWC, Osaic Wealth Inc. filed a Form U5 on June 27, 2024, stating that Likhtenstein had been discharged on June 7, 2024, because he failed to disclose personal loan transactions with a customer. This disclosure triggered FINRA’s investigation into the matter.
As part of their investigation, FINRA sent a request to Likhtenstein on July 3, 2024, asking for documents and information related to the alleged transactions. Additionally, on July 18, 2024, FINRA requested that Likhtenstein testify.
However, on July 25, 2024, Likhtenstein’s lawyer informed FINRA through email that Likhtenstein would not provide the requested information or testify. Therefore, he violated FINRA Rules 8210 and 2010.
Likhtenstein was associated with Osaic Wealth Inc. in Brooklyn, New York, from November 2, 2018, to June 27, 2024.
