Michael Giokas

Michael Giokas, former Fortune Financial Services Broker, Pleads Guilty to Federal Charges and Admits He Stole More than $1.4 Million of Client Funds

On April 16, 2018, U.S. Attorney’s Office for the Western District of New York announced that Michael Giokas pled guilty to federal wire fraud charges that he defrauded numerous clients.  He now awaits sentencing and faces up to 20 years in prison. The Buffalo News reported that Gioakas admitted he used a fake company called

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Michael Giokas, former Fortune Financial Services, Inc. Stockbroker, Barred for Failure to Cooperate with Investigation into Fraud Charges

Update: Michael Giokas pleads guilty to wire fraud. On March 23, 2018, FINRA announced it barred securities broker Michael Giokas from associating with firms registered with FINRA.  FINRA (Financial Industry Regulatory Authority, Inc.) registers and regulates securities brokers and brokerage firms. In a Letter of Acceptance, Waiver and Consent (AWC), FINRA stated it barred Michael

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