Andy Burish’s LinkedIn profile is filled with a wealth of information. He has andy burish linkedin profile been linked to a number of high profile companies including Tesla, Inc. (TSLA) and UBS. However, he is currently under fire for promoting the short-selling of Tesla stock that reportedly cost investors more than $23 million. In fact, an extended family of investors has filed a complaint with the Financial Industry Regulatory Authority alleging breach of fiduciary duty, unsuitability, and failure to supervise Burish.
For over three decades, Andy Burish has been a financial advisor for UBS. He currently leads a team of over 40 advisors, managing over $4 billion in client assets. His innovative leadership style has earned him recognition as one of UBS’ most dynamic team leaders. He is also recognized as a Top Advisor by Barron’s and Forbes. Burish focuses on holistic wealth management for affluent clients.
Burish’s BrokerCheck report lists only one complaint related to unsuitable recommendations in 2008. This complaint was settled for $1 million. In addition, a member of Burish’s team, including his producing manager and regional compliance officer, was fired for improperly trading options. UBS had recently placed restrictions on naked options trading.
Burish is an industry veteran with 38 years of experience, having joined UBS in 1984. He currently leads a firm of 14 investment advisors and manages more than $4 billion of client assets. Recently, however, he was accused of breaching fiduciary duty and violating Finra’s suitability rule by making short-selling recommendations on Tesla stock.
The UBS andy burish linkedin profile shows that Burish’s track record isn’t without controversy. In addition to being fired by UBS in 2018, he was sued for $11 million in a defamation lawsuit by former UBS employee Mark Munizzi. UBS was unsuccessful in attempting to vacate the award, but it still stands.
Andy Burish Linkedin profile
Andrew Burish has 38 years of experience and has helped establish several wealth management firms. He is currently leading one of UBS’s most profitable teams in the Midwest. He has also founded his own firm, The Burish Group, which employs 14 people and has over $4 billion in assets under management. His clients include the wealthy, high-net-worth individuals, and families. He has also been recognized by Forbes and Barron’s as one of the best financial advisors in the United States.
Andrew Burish has filed an Other – Arbitration lawsuit against UBS FINANCIAL SERVICES, INC. The case was filed in the Los Angeles County Superior Courts at the Stanley Mosk Courthouse. Burish filed a Petition to Confirm the Arbitrator’s Award on December 1, 2021. There is no opposition to this filing yet.
Tesla, Inc. (TSLA)
According to an investor complaint, Burish recommended short-selling Tesla shares. This strategy caused more than $23 million in losses to his investors. He was later sued by an extended family for unsuitability, breach of fiduciary duty, and failure to supervise his short-selling strategy.
Burish has worked in the financial services industry for 38 years. He is currently the head of a team of 14 advisors and oversees over $4 billion in client assets. Burish has an extensive background in investment consulting and has been named among the top 100 advisors in the US by Barron’s and Forbes.
Short-selling shares of Tesla, Inc.
In recent weeks, short-sellers have lost more than $1 billion of the stock. Even worse, they lost almost twice as much as they had before the rally started. As a result, the stock is now down almost $300 from its peak. However, that doesn’t mean short-sellers are letting up. Tesla’s potential for going private will continue to draw investors’ attention and divide opinions.
As of Friday, the number of short-sold shares of Tesla, Inc. (TSLA) was 777. The company’s stock has recovered from post-earnings losses, but its shares are still down nearly $100 from three andy burish linkedin profile months ago. Nevertheless, the shares are currently stuck between two important moving averages. The 50-day moving average is starting to rise, which may provide some support for the stock. Meanwhile, the 200-day moving average is below the 50-day moving average.
Andy Burish Linkedin Profile
After strong earnings last week, Tesla shares were surging by as much as 10 per cent, giving short sellers a reprieve. However, the stock remains the most shorted in the world, with almost 3 per cent of shares being held in short positions. According to S3 Partners, short sellers lost more than $1 billion on Thursday alone, making it one of the biggest shorts in the market.
The company’s shares have recovered by more than 68% since their low in March, so that short sellers have been scrambling to cover their positions. As andy burish linkedin profile of January, the number of short shares in Tesla fell to 29 million, down from 60.6 million at the beginning of the year. The short-selling percentage has dropped to 3.6% from 8.6% at the beginning of the year.
Short-selling in andy burish linkedin profile the auto industry has increased with the rise in interest rates. Automakers and EV manufacturers are among the most popular targets for short sellers, and with the market being so volatile, short selling has turned into a big moneymaker for short sellers. In fact, S3 Partners, a financial-data company, reports that there are nearly $27 billion in short interest for auto and truck manufacturing stocks.