Can you recover investment losses due to recommendations of former Wintrust Investments broker Anthony Jovanovich (CRD# 2948544)? He has been registered with LPL Financial LLC in Elgin, Illinois, since 2025. He was registered with Wintrust Investments in Elgin, Illinois, from 2012 to 2025.
Anthony Jovanovich Customer Complaints
He has been the subject of four customer complaints between 2023 and 2025, one of which was denied and one was closed without action, according to his CRD report:
March 2025. “Claimants allege that between June 2012 and June 2023, representative made unsuitable investments in REITs.” The case is currently pending. The complaint took place while he was registered with Wintrust Investments.
December 2023. “[REDACTED], on behalf of her mother, alleges Mr. Jovanovich and his colleague misrepresented the REIT investment recommended stating that clients could earn 7% monthly dividend with no downside. It was further alleged that the investments in Guggenheim UITs were not suitable with the clients conservative objective, that these investments were very risky, not diversified, and resulted in large losses.” The customer sought $9,107.16 in damages, and the case was settled for $1,328.08. The complaint was regarding non-traded real estate investment trusts (REITs) and unit investment trusts (UITs), and it took place while he was registered with Wintrust Investments.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, Wintrust Investments may be liable for investment or other losses suffered by Anthony Jovanovich’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.
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