• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
Chapwood Investments

Chapwood Investments

  • About
    • About Chapwood
    • About Ed Butowsky
    • Wealth Mismanagement Book
    • Never Go Broke Book
    • Library
  • Approach
    • Our Approach to Investment
    • Client Reporting
    • Research
    • Investment Pantry
    • Virtual Family Office
    • Money Management Process
  • Investment Forensics
    • Toolbox & Process Overview
    • 8 Metrics
    • Chaptimizer
    • ChapVest
    • Chip Score
    • Financial Distress Calculator
    • Investment Reality Check
    • Portfolio Analyzer
    • Portfolio Builder
    • Portfolio Enhancer
    • Risks of Investing
    • Salary/Income Comparison
    • Side-By-Side Calculator
  • Asset Management
  • Media
    • NBC
    • CNBC
    • Fox Business
    • i24 News
    • Fox News
    • ESPN
  • Blog
    • Weekly Investment Video Blog
    • Upcoming Webinars
    • Media Appearances
    • Webinars
    • Managing Money for Athletes
    • Articles
  • Client Portal
    • TD Ameritrade
    • Black Diamond
    • Crystal Capital Partners
  • Contact

UBS Loss On Facebook Trading May Be In The Hundreds Of Millions

UBS is sitting on big Facebook loses. Unconfirmed sources say its upwards of $350 million, ten times more than the estimates on the street. The market making arm of UBS is down $30 – $35 million, but UBS itself has not disclosed the full extent of these loses related to Facebook trading. The issue has to do with the failure to get confirmations and execution statements from the Facebook trades. UBS had put in for one million share allocation, but when they did not receive the confirmation, they repeated the order multiple times. All the clicks eventually went through and UBS ended up with more stock then they originally wanted. Sources say that UBS is preparing legal action against NASDAQ as a result. Whether NASDAQ will be held liable is debatable. Should UBS brokers have continued to click on the submit button, probably not. Some people are saying this is simply human error. At the end of the day, sources say that NASDAQ should have halted trading of Facebook stock when it was clear that confirmations were clearly not coming in on time. Apparently UBS tried to offload the stock at $35 per share but could not catch a bid, and sold some of their positions under $30 per share. Ed Butowsky, wealth manager, financial advisor, and managing partner of Chapwood Investment Management, joins CNBC Closing Bell to discuss the reality behind UBS’s claim to have lost potentially $350 million and how many other firms have realized the same impact of the trades or lack there of.

Ed Butowsky is the managing partner of Chapwood Investment Management and is an internationally recognized expert in the investment wealth management industry. Ed is also a frequent guest on other networks such as CNN, NBC, ABC, Fox News, Fox Business, and Bloomberg to name a few.
 

Primary Sidebar

Browse by category

  • Managing Money for Athletes
  • Articles
  • Media Center
  • Weekly Investment Video Blog
  • Webinars

Recently added

Emerging and Frontier Markets: A Goldmine Awaits You

Debt Ceiling: What it Specifically Means to You

Fixed Income May Be the Key to Making Money in 2023

TSM, QCOM, INTC: The Semiconductor Cold War

Archives

Reach Out

If you’re ready to talk, please take a moment to call or send an email!

Get started

Footer

About

We are not your typical investment firm. We provide expert financial advice to both individuals and businesses.

Read more

Chapwood Investments

4965 Preston Park Boulevard, Suite 100
Plano, TX 75093
(972) 865-2225
Ed@ChapwoodInvestments.com

Connect

  • Facebook
  • LinkedIn
  • Twitter
  • YouTube

Chapwood Investments, LLC is an SEC Registered Investment Advisory Firm (SEC.gov). No mention, opinion, or omission of a particular security, index, derivative, or other instrument constitutes an opinion on suitability of any security. The information and data on this site, in webcasts, and in videos were obtained from sources deemed reliable. Their accuracy and completeness are not guaranteed. At any given time, principals at Chapwood Investments, LLC may or may not have a financial interest in any or all of the securities or instruments discussed on this site, in webcasts, or in videos. The guests appearing on videos do not receive compensation or provide endorsements or testimonials. Past performance is not indicative of any future results. Copyright © 2023 · All rights reserved.
Disclosure · Privacy Policy · SEC · SIPC · Form CRS