A customer complaint disclosed on Christ Mavrakos’s FINRA BrokerCheck report centers on a disputed question: were the customers informed about short positions in their accounts?
For investors with similar concerns, a useful review begins with the account documents and the communications surrounding the strategy.
What Does the Complaint Allege?
Mavrakos, CRD No. 1793086, has a pending customer arbitration alleging that the advisor did not make the claimants aware of short positions between 2022 and 2026, resulting in financial loss.
The disclosure reports $250,000 in alleged damages and identifies LPL Financial LLC as the employing firm when the activities occurred. The arbitration was filed on February 23, 2026, under FINRA Case No. 26-00423. The complaint was received on February 26, 2026.
Mavrakos disputes the allegations. His response denies wrongdoing and states that he continuously kept the customers informed about the positions and put their interests first. The report lists the matter as pending, not as a judgment or settlement. (FINRA)
Focus on What Was Explained and Documented
If you have questions about positions held in your account, avoid relying solely on your recollection of a sales conversation. Gather the written record and identify the specific transactions you want reviewed.
Questions to prepare for a consultation include:
- Which positions are you questioning?
- How was the strategy described?
- What risks were discussed?
- What instructions or authorizations did you provide?
- When did you first notice the positions?
- How did the advisor respond when you asked about them?
These questions are intended to organize a review. They are not additional allegations against Mavrakos or LPL Financial.
Records to Preserve Before a Consultation
Start with the account statements covering the disputed period. Keep the complete statements, including transaction details and disclosures, rather than only the pages showing the ending balance.
Other useful records include:
- Account-opening documents and trading agreements.
- Trade confirmations.
- Emails and text messages with the advisor.
- Written explanations of the investment strategy.
- Notes of conversations about risk or account activity.
- Complaints submitted to the firm and its responses.
Prepare a timeline showing what you understood, when you learned about the disputed positions, and what happened afterward. Keep deposits and withdrawals separate from your estimate of investment losses.
Discuss Your Concerns With Sonn Law Group
If you invested through Christ Mavrakos and have substantial losses or questions about how your account was handled, contact Sonn Law Group to discuss your circumstances.
Ask counsel to assess the records, disputed communications, potential responsibility, and applicable deadlines. Your circumstances should be evaluated independently of another customer’s allegations or requested damages.
This article provides general information, not legal advice. The customer allegations are disputed and have not been established as findings of wrongdoing. Alleged damages are not a settlement estimate, and no recovery is guaranteed.
