Andrew Marinos, Charles Schwab Broker, Faces Client Suitability Claim Over Options Strategy

Andrew Jacob Marinos, also known as Andy Marinos (CRD: 4317707), is a securities broker based in Mission Viejo, California. His Financial Industry Regulatory Authority (FINRA) BrokerCheck record includes a client arbitration claim alleging investment losses. Marinos has worked for Charles Schwab Inc. since April 12, 2007. Read on for more about the claim and the risks options strategies can carry.

Charles Schwab Client Claims Andrew Marinos Gave Unsuitable Recommendation

On July 16, 2026, a Charles Schwab client filed FINRA Arbitration No. 26-01564 involving Andrew Marinos. The client alleges that Marinos gave poor advice by recommending an options-based investment strategy beginning in December 2024 while he was employed by Charles Schwab. The client alleges $2,000,000 in damages and seeks compensation from Charles Schwab or Marinos. The arbitration remains pending.

What Makes Options Advice Unsuitable

Unsuitable advice occurs when a recommended strategy does not reasonably fit a client’s investment profile, including their goals, risk tolerance, financial situation, experience, and other relevant circumstances. Options can involve leverage, time limits, and the possibility of substantial or total losses. Before recommending an options strategy, brokers and financial advisors are generally expected to understand the client’s circumstances and the risks involved.

Seeking Recovery For Investment Losses Involving Andrew Marinos

Investors who believe they suffered investment losses because of Andrew Marinos can contact Soreide Law Group online or at (888) 760-6552 to speak with a securities attorney about possible recovery. The firm has recovered losses for investors throughout the United States. It works on a contingency fee basis and advances all costs. Marinos and brokerage firms he has worked for deny allegations of sales practice violations.