{"id":10928,"date":"2023-01-09T11:57:41","date_gmt":"2023-01-09T16:57:41","guid":{"rendered":"https:\/\/www.silverlaw.com\/blog\/?p=10928"},"modified":"2023-01-09T11:57:41","modified_gmt":"2023-01-09T16:57:41","slug":"finra-suspends-efthimios-george-petrou-for-excessive-trading","status":"publish","type":"post","link":"https:\/\/www.silverlaw.com\/blog\/finra-suspends-efthimios-george-petrou-for-excessive-trading\/","title":{"rendered":"FINRA Suspends Efthimios George Petrou For Excessive Trading"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignleft wp-image-10929 size-full\" src=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2023\/01\/Blog-Graphics-1.png\" alt=\"Efthimios George Petrou (CRD# 2672840) is a registered broker last employed with Arive Capital Markets (CRD#:8060) of Ronkonkoma, NY. He was also employed by J.P. Turner &amp; Company, L.L.C. (CRD#:43177) of Middle Island, NY, Investec Ernst &amp; Company (CRD#:266) of New York, NY, and Royce Investment Group, Inc. (CRD#:10494) of Woodbury, NY. He has been in the industry since 1995.  Following FINRA\u2019s 2019 cycle exam of Arive Capital Markets, it was discovered that Petrou had engaged in excessive trading for a retired client. He was a 67 year old pharmacist who had a limited understanding of the stock market.  From January 2017 through October 2018, while employed with Arive, Petrou engaged in excessive trading which included the use of margins. Petrou recommended to his customer a total of 73 trades, all placed on margin. The total of all the trades meant that this customer paid $88,348.13 for commission and trade costs $7,958.52 for margin interest, totaling $96,306.65. This cost-to-ratio was 86%, indicating that the customer\u2019s account would have to increase by 86% to break even. Petrou\u2019s unsuitable recommendations led to the customer losing approximately $17,000 by following his advice.\" width=\"300\" height=\"200\" srcset=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2023\/01\/Blog-Graphics-1.png 300w, https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2023\/01\/Blog-Graphics-1-180x120.png 180w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/>Efthimios George Petrou (CRD#<a href=\"https:\/\/brokercheck.finra.org\/individual\/summary\/2672840\" target=\"_blank\"> 2672840<\/a>) is a registered broker last employed with Arive Capital Markets (CRD#:8060) of Ronkonkoma, NY. He was also employed by J.P. Turner &amp; Company, L.L.C. (CRD#:43177) of Middle Island, NY, Investec Ernst &amp; Company (CRD#:266) of New York, NY, and Royce Investment Group, Inc. (CRD#:10494) of Woodbury, NY. He has been in the industry since 1995. <a href=\"https:\/\/www.silverlaw.com\/blog\/finra-suspends-efthimios-george-petrou-for-excessive-trading\/#more-10928\" class=\"more-link\">Continue reading \u203a<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Efthimios George Petrou (CRD# 2672840) is a registered broker last employed with Arive Capital Markets (CRD#:8060) of Ronkonkoma, NY. He was also employed by J.P. Turner &amp; Company, L.L.C. (CRD#:43177) of Middle Island, NY, Investec Ernst &amp; Company (CRD#:266) of New York, NY, and Royce Investment Group, Inc. (CRD#:10494) of Woodbury, NY. He has been [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[589,580],"tags":[],"class_list":["post-10928","post","type-post","status-publish","format-standard","hentry","category-churning-2","category-stockbroker-misconduct"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>FINRA Suspends Efthimios George Petrou For Excessive Trading<\/title>\n<meta name=\"description\" content=\"Efthimios George Petrou is a broker last employed with Arive Capital Markets of Ronkonkoma, NY. He has been in the industry since 1995.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.silverlaw.com\/blog\/finra-suspends-efthimios-george-petrou-for-excessive-trading\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"FINRA Suspends Efthimios George Petrou For Excessive Trading\" \/>\n<meta name=\"twitter:description\" content=\"Efthimios George Petrou is a broker last employed with Arive Capital Markets of Ronkonkoma, NY. He has been in the industry since 1995.\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2023\/01\/Blog-Graphics-1.png\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Silver Law Group\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"FINRA Suspends Efthimios George Petrou For Excessive Trading","description":"Efthimios George Petrou is a broker last employed with Arive Capital Markets of Ronkonkoma, NY. 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He has been in the industry since 1995.","twitter_image":"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2023\/01\/Blog-Graphics-1.png","twitter_misc":{"Written by":"Silver Law Group","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.silverlaw.com\/blog\/finra-suspends-efthimios-george-petrou-for-excessive-trading\/#article","isPartOf":{"@id":"https:\/\/www.silverlaw.com\/blog\/finra-suspends-efthimios-george-petrou-for-excessive-trading\/"},"author":{"name":"Silver Law Group","@id":"https:\/\/www.silverlaw.com\/blog\/#\/schema\/person\/de64d999508b1ad10d608a99f0d2e752"},"headline":"FINRA Suspends Efthimios George Petrou For Excessive Trading","datePublished":"2023-01-09T16:57:41+00:00","mainEntityOfPage":{"@id":"https:\/\/www.silverlaw.com\/blog\/finra-suspends-efthimios-george-petrou-for-excessive-trading\/"},"wordCount":521,"image":{"@id":"https:\/\/www.silverlaw.com\/blog\/finra-suspends-efthimios-george-petrou-for-excessive-trading\/#primaryimage"},"thumbnailUrl":"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2023\/01\/Blog-Graphics-1.png","articleSection":["Churning","Stockbroker Misconduct"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.silverlaw.com\/blog\/finra-suspends-efthimios-george-petrou-for-excessive-trading\/","url":"https:\/\/www.silverlaw.com\/blog\/finra-suspends-efthimios-george-petrou-for-excessive-trading\/","name":"FINRA Suspends Efthimios George Petrou For Excessive Trading","isPartOf":{"@id":"https:\/\/www.silverlaw.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.silverlaw.com\/blog\/finra-suspends-efthimios-george-petrou-for-excessive-trading\/#primaryimage"},"image":{"@id":"https:\/\/www.silverlaw.com\/blog\/finra-suspends-efthimios-george-petrou-for-excessive-trading\/#primaryimage"},"thumbnailUrl":"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2023\/01\/Blog-Graphics-1.png","datePublished":"2023-01-09T16:57:41+00:00","author":{"@id":"https:\/\/www.silverlaw.com\/blog\/#\/schema\/person\/de64d999508b1ad10d608a99f0d2e752"},"description":"Efthimios George Petrou is a broker last employed with Arive Capital Markets of Ronkonkoma, NY. 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