Trinity Council – Giokas Wealth Management – Investigating Potential Lawsuits
Have you suffered losses investing in Trinity Council at the advice of former financial advisor Michael Giokas? If so, the securities attorneys may be able to help you by filing a FINRA Dispute Resolution claim.
In 2017, Giokas allegedly advised clients at his company, Giokas Wealth Management, to invest in Trinity Council, a shell company, allegedly promising clients a return of 8-9% per year and creating false promissory notes to convince them the investment was legitimate. Instead, Giokas was reportedly living a lavish lifestyle with his clients’ money.
According to the Buffalo News on May 15, 2019, Giokas was sentenced to 52 months in prison for fraud. “Giokas’s sentence stems from his guilty plea to a felony fraud charge and his admission that he cheated clients out of $1.4 million and used much of the money for personal expenses,” according to the news report.
The White Law Group is investigating potential securities fraud claims involving the sale of Trinity Council to Giokas Wealth Management clients.
Under FINRA rules and regulations, Broker-Dealers are responsible for supervising the actions of those advisors registered with their firm, and therefore may be held liable for the actions of their Broker(s).
The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Franklin, Tennessee.
We represent investors in FINRA arbitration claims in all 50 states, including New York. Our attorneys have recovered millions of dollars from many brokerage firms in the past.
If you are concerned about your investment losses in Trinity Council please call the securities fraud attorneys at The White Law Group at 888-637-5510 for a free consultation.
For more information on The White Law Group, and its representation of investors, please visit www.WhiteSecuritiesLaw.com.