Questions tagged [finance]
Questions involving fungible assets -- especially securities and loans (mortgages, debts, etc.).
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1answer
27 views
Definition of privileged information in investor law
Person X makes a scientific discovery about some new metallic alloy. She then reasons that as a result of its applications, the market for some other metal will drop. Is she allowed to short the ...
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1answer
48 views
Is a monthly Patreon donation\subscription, a contractual obligation to pay someone?
Let's say I have a prepaid card with a balance of 0$ and I am subscribed to a Patreon user for the recurring monthly donation of $50. Let's say I remain subscribed to the Patreon user for 10 months, ...
2
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4answers
163 views
Schwab 401k 'hacked'; somehow they added/linked an unknown bank account and transfered out ~10% of my balance!! How
I recently received a couple of 'notification' emails from Schwab re. the approval/completion of various changes I supposedly requested to an old 'inactive' (past employer) 401k account, including:
...
1
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1answer
64 views
How is a US political campaign supposed to verify that donors from abroad are US citizens?
According the US laws, only US citizens may contribute financially to political campaigns - especially presidential campaigns.
Suppose you are running a campaign. How are you supposed to verify that ...
12
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2answers
2k views
Student Loan from years ago pops up and is taking my salary
Summary: For decades I had my student loans paid by automated payment from my bank without a problem; just take it out of my bank and there's a small benefit in interest for it.
Recently, my ...
3
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2answers
67 views
Are companies allowed to trade securities based on internal user data?
Take a company like Google, that has access to real time information on what billions of people want at any given moment, their plans for the future - not to mention the entire email archives of ...
0
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1answer
38 views
Investor liability for investee actions?
The recent Supreme Court ruling in Jam v. International Finance Corporation kind of surprised me, as a layperson, since I had not imagined that banks were liable for their investees' actions ...
1
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1answer
87 views
Do you owe money to a company who is trying to charge a disabled/expired credit card?
A disposable credit card company from the US wrote 'recently' on their twitter
Canceling a subscription can be difficult, time consuming, and frustrating. Or it can be as easy as clicking a button ...
1
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1answer
298 views
Are marketplace lenders subject to fair lending laws?
Are 'marketplace' lenders, such as those using Lending Club or Funding Circle, etc., subject to fair lending provisions, such as the Equal Credit Opportunity Act or the Fair Lending provisions of the ...
4
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2answers
1k views
Bank is not depositing my promotion bonus
I opened a bank account in response to a promotion in a big bank (I'm in the US). Originally it was saying "if I keep my money (50K) for 60 days, I get $600". The agent at the branch didn't say ...
2
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3answers
63 views
Could leaking insider information eliminate insider trader concerns?
Suppose I possess some non-public information about Company X. I want to trade Company X's stock for reasons unrelated to the information (e.g. I believe the stock market as a whole is going to tank ...
2
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0answers
45 views
Is there a difference in “termination of employment” qualifying event trigger between group health insurance and 401(k)?
My job uses a Professional Employer Organization to handle payroll and benefits. This is a coemployment relationship, not temp/staffing, nor subcontract. The PEO is the issuer of my W-2 and listed ...
3
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1answer
43 views
Would there be any legal risk to informing bank that you have been given an account number your believe is compromised?
This question was asked on the financial stack exchange. The basic premise is that someone is giving another individual 'their' account number and telling the individual to take money out of it to ...
0
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0answers
24 views
What is the minimum required pre-provision net profit (PPNR)?
Is there a minimum required pre-provision net profit (PPNR) stated by Comprehensive Capital Analysis and Review (CCAR)? Or how else does the Fed evaluate stressed PPNR in its tests?
2
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1answer
98 views
Why is English law so important to finance?
What are the features of the English law that make it so indisposable to international finance and particularly offshore companies?
I've recently bumped into this passage when reading about Cyprus, ...
2
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1answer
86 views
Car Loan Company not providing pay statements
The relevant jurisdiction is Michigan. How often must a large loan company deliver statements of account? When a statement on an auto loan has not been received in some time (several months) and one ...
1
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1answer
28 views
Where can single-asset alternatives be marketed to retail investors? [closed]
I know that in most countries/markets alternative investments can be marketed and distributed to retail investors... but only through pooled investment vehicles, i.e. funds.
My question is then, ...
1
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1answer
176 views
For a politician, is a lunch outing with Warren Buffet considered a $650,000 gift?
There is a story in the news about Nikki Haley (now former US ambassador to the UN) taking trips in a friend's (and political supporter's) private jet.
See story: Watchdog wants investigation of ...
2
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2answers
112 views
Can a bank foreclose on a home of a person who has been kidnapped?
Say that an American homeowner is traveling overseas and then he/she is kidnapped by a terrorist organization.
Does the American bank which gave that person the home loan have the legal right to ...
0
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1answer
30 views
One Unit Trust with many classes of unitholders: is it possible?
If different assets are contributed to a Unit Trust, say one real estate property in San Francisco and one real estate property in Los Angeles, can the Deed of Trust specify 2 classes of beneficiaries/...
0
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2answers
42 views
Is it legal to charge a percentage service fee?
The example is ACME Company has a payment processing system that companies X, Y, and Z can use. It enables more features than just "payment" processing, and it enables more than just "credit card" ...
0
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1answer
38 views
What makes a stock exchange “private”?
I’m trying to understand the difference between a public and a private stock exchange, or any exchange for that matter.
I guess that I and another 10 people made an agreement and started trading some ...
0
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1answer
93 views
Is it illegal to purchase stocks with money that came from a Brinks truck?
There have been many times over the years when a Brinks truck has overturned, or the security guards forgot to lock the rear doors, and money came out of it while in route to its destination.
Say a ...
4
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1answer
79 views
Can I fight a charge from forgetting to cancel a subscription?
I just got charged a substantial fee for renewing some domains that are years old, (old enough that my card on file had expired, so I don't know how they even managed to charge it) that I had ...
3
votes
1answer
22 views
Is there a site that lists all EU members' Statutory Instruments for specific laws (like MLD4, UCITS etc.)
I'm new here and don't have a law background but my field (finance) often overlaps with legal aspects quite a bit.
I was hoping someone might be able to steer me in the direction of a good (free!) ...
2
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0answers
40 views
Familial exemption for investment advisor representative
My parents have asked me to trade for them and they offered me a fraction of any profit. My plan is to set up a limited trade agreement and then manage the account's trades.
Before doing so, I want ...
3
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0answers
10 views
Familial exemption for investment advisor [duplicate]
My parents have asked me to trade for them and they offered me a fraction of any profit. My plan is to set up a limited trade agreement and then manage the account's trades.
Before doing so, I want ...
5
votes
3answers
584 views
Why don't US prosecutors press for imprisonment for crime in the banking industry?
In this article by The Guardian published two days ago they report:
RBS bankers joked about destroying the US housing market after making millions by trading loans that staff described as "total ...
0
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2answers
35 views
Financial Debt Transaction question, Compliance/accounting laws
I am an IT Database person at our company. Our company does not have a financial transaction interactive program for business users, to log customer debt payments or debt increases. So they are ...
-1
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1answer
202 views
What legal entity(s) would be best for startup funded by kickstarter or other investment?
Assuming someone is going to start a business that is to design, build and manufacture a small electronic handheld device.
They post campaigns on Kickstarter, Indiegogo, and other crowd-funding ...
0
votes
2answers
120 views
'payable in like kind'? 'non-electing' shares?
each share of Series B Preferred Stock shall, by virtue of such
transaction and on the same terms as apply to the holders of Common
Stock, be converted into or exchanged for the aggregate amount ...
1
vote
1answer
59 views
interpretation of an article
The term "Common Stock" as used in this Appendix B means the Company's
Common Stock without par value, as the same exists at the date
of filing of the Amendment to the Company's Amended Articles ...
0
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1answer
50 views
Non-ERISA Fiduciary Responsibility for New York State
I would like to know ERISA equivalent for a government organization in New York State
https://www.asppa.org/Resources/Publications/Plan-Consultant-Online/PC-Mag-Article/ArticleID/5217
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1answer
62 views
Were laws broken, can I use in civil or small claims?
Long story short my girlfriend of 5 years how to debit card to my savings account and every payday I would deposit $500 into the savings account for her to use and this went on for approximately the ...
0
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1answer
111 views
Are there countries that prohibit charging interest?
Is it true that Saudi Arabia prohibits charging interest? What about UAE? Are there any states actually prohibit interest rates?
10
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4answers
14k views
What can happen if the US President has violated campaign finance laws?
There has been recent news about President Donald Trump possibly breaking campaign finance laws due to a repayment made to one of his lawyers.
NPR: Trump Admits To Authorizing Stormy Daniels Payoff, ...
5
votes
1answer
96 views
In what order do collateral and guarantees pay off a defaulted loan or bond?
Company A is issued a loan that is guaranteed by Company B and is secured by liens on Company C's assets.
Company A defaults on its loan. In what order are the collateral and guarantees used to pay ...
1
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1answer
32 views
Does one need to be FCA authorised to charge interest on a loan to a friend?
The FCA guidance largely focuses around businesses intending to provide credit; there is little in the way of information on what the stance is when a friend-to-friend loan is made that involves ...
1
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1answer
74 views
Can a non-insurance company create a financial “float” like insurance companies do?
Insurance companies use "float" money taken in from premiums. Even though it is not their cash they invest it as long as when needed they can pay a customer claim. Could a non-insurance company that ...
3
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0answers
103 views
How liable is a seller that was unknowingly paid using stolen funds?
I sold some of my Bitcoins on LocalBitcoins UK to an account that appears now to have paid using stolen funds from a hacked bank account. I checked that the buyer was ID-verified with LocalBitcoins ...
0
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1answer
39 views
What happens if someone bounces a cheque in US?
From my knowledge, if A gives cheque to B and cheque bounces, then a warrant is issued against A.
Is the warrant issued anytime cheque bounces by default ?
Or B has to press charges against A for ...
1
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1answer
48 views
In US, what happens if you owe money to doctor and forget about it?
If I owe money to some family physician or a dentist, but because my phone number has changed I was not able to be contacted by them.
What does a doctor/dentist do if I owe them about $500 or so ?
Is ...
1
vote
1answer
46 views
Company wants to hold funds for customers
Are there any licensing or special bank account requirements for our company to hold funds for a customer and later deliver those funds back to the same customer? Similar to a savings account but for ...
2
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0answers
13 views
Is it legal (in Europe, Belgium) to publish prices from unaffiliated establishments?
Say I want to publish the pricelist from the store down the road, without their consent, on my own website. Is this legal? If not, what should I do to enable the publishing of other businesses prices?
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1answer
151 views
Why are credit rating agencies in the US imune when giving false rating?
I need help understanding why does US legal system affords journalistic protection of free speech to credit rating agencies (CRA), especially those which rated mortgage backed securities (MBS) and ...
8
votes
2answers
179 views
Would it be illegal for Donald Trump to short twitter, then leave the platform?
Presumably if Trump were to stop tweeting and move to a different social media platform (e.g., Instagram), Twitter's value would decrease significantly (source estimating Trump's value to Twitter).
...
0
votes
2answers
144 views
Are universities legally allowed to adjust, or deny private loans?
I'm curious about my rights to my own private loan. (Co-signed by my brother) After getting my tuition and fees, I took out a loan to cover the remaining costs after aid.
I do live with my parents - ...
4
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1answer
825 views
Could the Intel CEO be accused of insider trading?
A few weeks back, the Intel CEO sold all the company shares he was allowed to. Yesterday, it was reported that a big security flaw existed in virtually all Intel processors sold in the last decade. ...
2
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1answer
37 views
Can student loans be used in retirement, brokerage, savings, checking, and 529 accounts?
I am aware of the purpose of Student Loans.
However if not immediately used, I park some of the money in a savings account.
But would it be legal to use the same funds in a retirement account (...
1
vote
3answers
132 views
Liability for spouse's actions in the US
This is hypothetical. Person A and Person B are married. Person A cannot control the actions of Person B, because that would be domineering. If Person B makes a mistake that results in financial ...
