Andrew Marinos: Schwab Advisor Lands $2mm Complaint

Mission Viejo, California financial advisor Andrew Marinos (CRD# 4317707) recently received an investor complaint alleging that his advice resulted in seven-figure damages. Financial Industry Regulatory Authority records show that he is registered as a broker and an investment advisor with Charles Schwab.

Mr. Marinos’s BrokerCheck report discloses one investor complaint. Filed in July 2026, it alleges that as a representative of Charles Schwab, he gave a “poor investment strategy recommendation.” The pending complaint alleges damages of $2 million.

Investors should be aware that Rule 15l-1(a)(1) of the Securities Exchange Act of 1934, also known as Regulation Best Interest, requires advisors like Mr. Marinos to recommend only investments and strategies that are in their clients’ best interests. The rule states specifically that firms and their representatives must “act in the best interest of the retail customer at the time the recommendation is made, without placing the financial or other interest of the broker, dealer, or natural person who is an associated person of a broker or dealer making the recommendation ahead of the interest of the retail customer.” This rule is similar to FINRA’s suitability rule, which requires brokers to recommend investments that are in line with their customers’ background and objectives.

According to the Financial Industry Regulatory Authority, Andrew Marinos holds 25 years of securities industry experience. Based in Mission Viejo, California, he has been registered as a broker and an investment advisor with Charles Schwab since 2007. His past registrations include Strategic Advisers and Fidelity Brokerage Services. His credentials include the passage of four securities industry qualifying exams: the Securities Industry Essentials Examination, or SIE; the General Securities Representative Examination, or Series 7; the Uniform Combined State Law Examination, or Series 66; and the Uniform Securities Agent State Law Examination, or Series 63. He holds 27 state licenses. (Information current as of August 13, 2026.)

Carlson Law represents investors throughout the United States in claims against financial advisors and investment firms. If you or a loved one have suffered investment losses, please call us at 888-976-6111 or complete our contact form for a free and confidential consultation.