Solomon Lichtenstein was sued by the SEC on October 22, 2025, for defrauding over 25 investors of $2.7 million through Taraxa Capital Fund and Lightstone Trading Inc. between July 2022 and August 2024. He falsely promised profitable day-trading strategies, instead misappropriating ~$966,000 for personal expenses and Ponzi-like payments, while hiding $200,000 in trading losses with fabricated positive returns, resulting in over $1.5 million in investor losses.