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ubs ordered to pay 92 million over unsuitable tesla short recommendation

UBS Wealth Management USA and broker Andrew Burish were ordered to pay over $95 million for recommending an unsuitable short position on Tesla stock, leading to significant losses for investors. The arbitration award included $69 million in punitive damages against UBS, while Burish was held liable for nearly $3.1 million. The claimants, who lost $16.5 million, argued that Burish failed to provide a balanced view of the risks involved.
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United States Dollar Tesla Inc. USA Mark Munizzi Dennis Hansen Andrew Burish Show more
Finance & Economy, News Article
16:37 03.03.2025
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