Efthimios Petrou

Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) and accessed on February 1, 2018 indicate that New York-based Arive Capital Markets broker Efthimios Petrou, also known as Tim Petrou, has received resolved or pending customer disputes. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Petrou (CRD# 2672840).

Tim Petrou has spent 22 years in the securities industry and has been registered with Arive Capital Markets in Farmingdale, New York since July 2015. Previous registrations include JP Turner & Company in Middle Island, New York (2002-2015); Investec Ernst & Company in New York, New York (1999-2002); and Royce Investment Group in Woodbury, New York (1995-1999). He has passed three securities industry examinations: Series 63 (Uniform Securities Agent State Law Examination), which he obtained on November 16, 1995; Series 7 (General Securities Representative Examination), which he obtained on November 9, 1995; and Series 24 (General Securities Principal Examination), which he obtained on March 14, 2007. He is a registered broker and investment adviser with 32 US states and territories.

According to his BrokerCheck report, he has received one customer complaint and one pending customer complaint.

In November 2017 a customer alleged Tim Petrou, while employed at Arive Capital Market, recommended unsuitable investments in listed and over-the-counter equities. The customer is seeking $30,225 in damages in the pending complaint.

In 2005 a customer alleged Tim Petrou, while employed at JP Turner & Company, made unsuitable investment recommendations, breached his fiduciary duty, churned investments, executed unauthorized trades, committed fraud, and intentionally and/or negligently misrepresented material facts. The complaint settled in 2007 for $17,750.

If you or someone you know has lost money investing with Efthimios Petrou, also known as Tim Petrou, call Fitapelli Kurta at 877-238-4175 for a free consultation. You may be eligible to recoup your losses. Fitapelli Kurta accepts all cases on a contingency basis: we only get paid if and when you collect money. Time to file your claim may be limited, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.