A recent customer dispute has been filed against Wintrust Investments and its financial representative, Anthony Jovanovich, alleging investment misrepresentation and mismanagement. The claimants have reportedly initiated arbitration proceedings seeking recovery of their losses and holding the firm and its representative accountable for the alleged misconduct. This case underscores the risks investors face when financial professionals fail to act transparently and the importance of strong supervisory practices at brokerage firms.
If you or someone you know has suffered investment losses while working with Anthony Jovanovich of Wintrust Investments, or another broker, contact Meyer Wilson Werning today. Our attorneys have extensive experience in broker misconduct cases and can help determine whether your losses were the result of misconduct or unsuitable recommendations.
Allegations Against Anthony Jovanovich and Wintrust Investments
According to the complaint, Anthony Jovanovich (CRD#: 2948544) allegedly misrepresented the terms of his clients’ investment, stating that the investment must remain in the account for at least five years and that clients could expect monthly dividends during this period. When clients attempted to contact him, he was reportedly unavailable on multiple occasions. Amid this alleged mismanagement and misrepresentation, the investors suffered significant financial losses.
Key Allegations Include:
- Misleading Investment Terms: Advising that the investment had to remain untouched for five years.
- False Promises: Telling clients they would receive monthly dividends during the holding period.
- Lack of Communication: Failing to respond to client inquiries and becoming unavailable at critical times.
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Recent Disputes Involving Anthony Jovanovich
Anthony Jovanovich has been involved in several customer disputes in recent months. These filings suggest ongoing concerns related to suitability and investment advice provided through Wintrust Investments.
- May 12, 2025: A customer alleged that they were sold an unsuitable note by another advisor but received poor advice from Jovanovich that contributed to their investment losses. The customer sought $850,000 in damages.
- March 20, 2025: Claimants alleged that between June 2012 and June 2023, Jovanovich made unsuitable investments in REITs. The matter remains pending.
Multiple recent claims can indicate potential patterns in how a financial advisor manages or recommends investments, particularly if they involve allegations of unsuitability or misrepresentation.
Understanding FINRA Rule 2020 and Its Implications
The allegations in this case may involve a violation of FINRA Rule 2020, which prohibits financial advisors and their firms from using any “manipulative, deceptive, or other fraudulent device or contrivance” to induce the purchase or sale of a security. This rule exists to ensure advisors provide accurate and complete information, allowing clients to make informed investment decisions.
When a financial advisor misrepresents the terms, risks, or potential returns of an investment, it can constitute a direct violation of FINRA Rule 2020. Advisors and their firms are required to act honestly and transparently, ensuring that clients understand the true nature of their investments.
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Red Flags for Broker Misconduct
The claims against Wintrust and Jovanovich highlight several potential red flags that may signal advisor misconduct. Investors who recognize these warning signs early can often avoid further financial harm caused by their advisor’s misrepresentations or poor supervision.
Common red flags include:
- Misrepresentation of investment risks, terms, or potential returns
- Lack of transparency or reluctance to answer client questions
- Difficulty contacting the advisor or receiving timely responses
- Recommendations inconsistent with the investor’s financial goals or risk tolerance
- Unauthorized transactions or excessive trading (churning) in the account
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How Meyer Wilson Werning Helps Wintrust Investors
The allegations against Wintrust Investments and Anthony Jovanovich demonstrate how investors can be harmed when advisors fail to provide truthful information or when brokerage firms do not properly supervise their representatives. At Meyer Wilson Werning, we represent clients who have suffered losses due to unsuitable recommendations, misrepresentations, or supervisory failures.
If you experienced losses tied to misconduct or poor supervision at Wintrust Investments, our firm can help you pursue recovery through arbitration and other available legal avenues. Contact us today for a free, no-obligation consultation to learn how our experienced team can hold negligent financial advisors and their firms accountable.
Frequently Asked Questions
What are the main allegations against Anthony Jovanovich?
Investors allege that Anthony Jovanovich misrepresented the terms of an investment by promising monthly dividends and requiring a five-year holding period. They also claim he was unresponsive to repeated attempts at communication, which contributed to financial losses.
How does FINRA Rule 2020 protect investors?
FINRA Rule 2020 protects investors by prohibiting deceptive or manipulative practices in the sale of securities. Advisors are obligated to provide truthful and complete information, enabling clients to make informed investment decisions.
What legal options do investors have if they lost money with Wintrust Investments?
Investors who have suffered losses due to advisor misconduct can seek recovery through arbitration, where an impartial panel reviews the evidence and issues a binding decision. This process provides a more efficient and cost-effective path than traditional litigation for recovering investment losses.
Recovering Losses Caused by Investment Misconduct.
