Questions tagged [finance]
Questions involving fungible assets -- especially securities and loans (mortgages, debts, etc.).
132
questions
-1
votes
3answers
880 views
If a Politician uses an Organized Crime Syndicate to extort a Business, is the Politician guilty of the same crime as the Syndicate?
In the United States, let's say you have:
A generic POLITICIAN of any type
A generic ORGANIZED CRIME SYNDICATE of any type
A generic BUSINESS of any type
If an ORGANIZED CRIME SYNDICATE pressures a ...
0
votes
2answers
57 views
Refused Financing for new car loan due to charge off from bankruptcy 11 years ago
State of Michigan
My wife filed for chapter 7 bankruptcy 10 yrs ago and one of the debts was with Ford Motor Credit.
She has good Credit now and I have okay credit. We wanted to purchase a Ford ...
2
votes
0answers
42 views
Must French financial institutions know by law the salary of their customers?
Must French financial institutions know by law the salary of their customers?
One of my French banks is asking this information from me and claims they have to do so by law (and I have "declare sur l'...
0
votes
0answers
31 views
Is there any limit on how much bonuses can be given before filing for bankruptcy in the United States?
I read on https://www.cnn.com/2020/05/26/investing/hertz-bankruptcy-executive-bonuses/index.html (mirror):
Hertz paid out millions of dollars in bonuses to its executives just before its bankruptcy ...
0
votes
0answers
12 views
Does the CFTC have authority over all forms of “prediction markets”?
I've been reading over previous cases that the Commodities and Futures Trading Commission have brought up against organizations like InTrade. From what I can tell, they were brought under scrutiny ...
2
votes
1answer
43 views
Could you theoretically sell financial assets in the US without coming under the jurisdiction of the federal government?
So let's say you were some financial market that operated solely in a US state so all of your transactions never crossed state lines. Would federal government agencies like the Commodities Future ...
0
votes
0answers
16 views
In Canada, is there a requirement of when a Money Services Business (MSB) and their client entity must enter into a service agreement?
I hope the question in the title lends itself to an answer. In case more clarification is required, please do not hesitate to comment below.
Some background: In Canada, an MSB is required to verify ...
5
votes
2answers
200 views
Delivery of oil bought through futures contracts
What happens if someone is forced to take physical possession of many barrels of oil that they bought on the open market, but they have no storage space left to put it?
ETA: In jeffronicus answer ...
0
votes
0answers
20 views
Negative pledge covenants
I am a layperson trying to better understand negative pledge covenants.
Is following a correct example of a negative pledge covenant? John borrows $500 from Jane. Jane makes John sign a contact ...
0
votes
0answers
27 views
Financial settlement - Consent order in England
I have just applied for my decree absolute today and my wife has said she will complete the consent order papers and statement of information in a few days. Can i submit the consent order in court ...
0
votes
0answers
9 views
Can a Singapore-based crowdfunding platform invest in non-Singaporean businesses
So, I'm studying Singaporean regulations on Crowdfunding and P2P Lending platforms, and went through the MAS FAQs on the subject:
MAS Response to Feedback Received - Facilitating Securities-based ...
0
votes
2answers
79 views
Can an invoice factoring company operate abroad?
Premise:
Invoice factoring is a transaction in which a factor (or factoring company) purchases invoices from a business.
The transaction involved is literally purchasing receivables and, for ...
0
votes
1answer
125 views
Where do I go when police refuse to investigate someone who made purchases with my debit card?
A few months ago, my debit card information was stolen and used to purchase some computer equipment in the state of Oklahoma, but the perpetrator lives in the state of Florida and I live in the State ...
3
votes
2answers
162 views
If I discover information about a company through personal investigation can I act on it without being guilty of insider trading?
Let's say I'm a skilled PI who has, through detailed investigation followed a paper trail back and discovered that Soylent Green is people! (err..spoiler warning?)
I am now aware of information that ...
0
votes
0answers
29 views
Are there any legal risks to transferring money to another country for an F-1 student?
Let's assume that your dating an F-1 visa student, who is supposed to be financed by her parents in her home country to go to school in the US. She is actually getting money through other means (...
1
vote
1answer
73 views
Stock options and Insider Trading
Maybe I don't understand insider trading laws, but they seem somewhat unreasonable to me.
Lets say I'm a software developer, and I accepted stock options as part of my compensation. In the course of ...
6
votes
3answers
846 views
How are employer pay statutes enforced against offending employers?
An employer recently made some strange demands as a part of a job offer. On advice from The Workplace Stack Exchange I'm going to look for work somewhere else, but I'm concerned the employer is ...
0
votes
0answers
25 views
Building an ebay type app, what kind of financial liability should I expect?
I’m looking into building a eBay-like store on top of my application where suppliers can post their products and buyers would make the purchase directly on the app. We would collect a commission and ...
0
votes
0answers
15 views
What happens if I don’t not receive a copy of my auto loan documents? Is that a violation of TILA? Do I have grounds for a lawsuit?
I recently purchased a vehicle and after signing all of the paperwork, the finance manager said that I would receive all of my loan documents in the mail the following month. Almost two months have ...
-1
votes
2answers
47 views
How do I write an agreement between a token issuer and token bearer?
I'm making a decetralized blockchain app that lets users create tokens and sell them to other users with the agreement that the issuer will repurchase the tokens at the bearers demand. So its pretty ...
3
votes
2answers
198 views
Can I legally guess my customer's new credit card expiry date?
As a merchant, I offer online subscription services to my customers. Often, my customer's credit card will expire, despite having an active subscription service to my product.
Is it legal for me to ...
2
votes
3answers
336 views
Can a couple be charged for spending $120,000 deposited to their bank account in error?
A couple is being charged for spending $120,000 which was deposited to their account in error. This is in Pennsylvania, USA.
The facts are presented as follows: One day, couple wakes up to $120,000 ...
1
vote
1answer
61 views
What does upon conversion mean?
What does it mean when an investor say "I will give you $100k in exchange for 10% equity upon conversion"? What does upon conversion exactly mean in layman's terms?
2
votes
2answers
78 views
Is internet tracking “public info” for insider trading purposes?
Suppose I own a search engine. I look at my server logs and see that the query "how to fix exploding engine" is very popular in the area around Tesla headquarters. Would it be legal to act on this ...
-3
votes
1answer
76 views
Would using a StableCoin bypass the “Money Transmitter” laws in the US?
I'm considering a startup that allows news/content creators to collect nano-payments (~$0.01) for their content. Since transactions of that size are unreasonable to charge individually by Stripe/etc, ...
1
vote
1answer
35 views
Definition of privileged information in investor law
Person X makes a scientific discovery about some new metallic alloy. She then reasons that as a result of its applications, the market for some other metal will drop. Is she allowed to short the ...
1
vote
1answer
62 views
Is a monthly Patreon donation\subscription, a contractual obligation to pay someone?
Let's say I have a prepaid card with a balance of 0$ 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, ...
3
votes
4answers
334 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
vote
1answer
70 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
votes
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
votes
2answers
91 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
votes
1answer
49 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
vote
1answer
106 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
vote
1answer
378 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
votes
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 ...
3
votes
3answers
256 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
votes
0answers
67 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 ...
2
votes
1answer
61 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 ...
2
votes
1answer
104 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
votes
1answer
120 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
vote
1answer
29 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
vote
1answer
186 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
votes
2answers
131 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
votes
1answer
46 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
votes
2answers
70 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
votes
1answer
40 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
votes
1answer
122 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
votes
1answer
110 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
25 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
votes
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 ...
