National investment loss lawyers KlaymanToskes is investigating broker Andrew Burish (CRD# 1111163) of UBS Financial Services Inc.
According to FINRA BrokerCheck, broker Andrew Burish of UBS Financial Services Inc. has been involved in a customer complaint in which the customers have been awarded $95,300,257 in damages in connection with allegations of breach of fiduciary duty, unsuitable investment recommendations, negligent supervision, and fraud. The dispute involved claims that Burish and UBS recommended an aggressive and highly speculative trading strategy, including short-selling shares of Tesla stock, resulting in losses for the investors.
Investors that suffered losses with broker Andrew Burish are encouraged to contact attorney Lawrence L. Klayman, Esq., at 888-997-9956 or by email at investigations@klaymantoskes.com to discuss potential recovery options. We do not collect attorney’s fees unless we are able to obtain a financial recovery for you.
UBS financial advisor Andrew Burish has a FINRA BrokerCheck disclosure related to unsuitable investment strategies involving high-risk trading, including recommendations to short-sell Tesla shares, contrary to clients’ wealth-preservation goals. According to the claim filed with FINRA, Burish allegedly solicited and recommended an aggressive, speculative trading strategy designed to generate short-term profits rather than preserve long-term wealth, as marketed to the investors.
Burish purportedly facilitated this strategy by furnishing boilerplate paperwork to investors who were not professional traders and encouraged clients to hold highly risky short-sale positions in Tesla shares despite mounting losses, directly contradicting their stated goals of asset protection and multi-generational wealth transfer. The FINRA arbitration claim resulted in an award totaling $95,300,257 against UBS and Burish, comprising both compensatory and punitive damages, as a result of significant investor losses. According to FINRA BrokerCheck, Andrew Burish is currently registered with UBS Financial Services in Madison, WI.
As an investor, there are a few signs that you should look out for if you believe you may have a claim against your financial advisor. These signs could potentially indicate misconduct, negligence, or investment fraud. Investors are encouraged to contact our firm immediately if you have experienced any of the following:
Some investors have close relationships with their brokers due to the time and trust built over the course of their investment relationship. However, it is crucial to remember that financial decisions should be based on careful analysis and due diligence rather than solely relying on personal relationships.
Engaging the services of an experienced securities attorney to evaluate your specific circumstances is strongly advised. At KlaymanToskes, our team of experienced securities attorneys has a deep understanding of this complex area of law, allowing us to provide invaluable insight and tailored guidance that directly addresses your individual needs.
If you suffered losses with broker Andrew Burish, or have concerns regarding your investment portfolio at UBS Financial Services Inc, or with any other financial advisor or firm, contact KlaymanToskes at 888-997-9956 or fill out a short contact form for a free and confidential consultation.