Questions tagged [finance]

Questions involving fungible assets -- especially securities and loans (mortgages, debts, etc.).

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4 votes
3 answers
832 views

How are MMOs with real money economies allowed to operate?

A lot of Massively Multiplayer Online games include a form of "premium" in-game economy that may be purchased with real money (cash) by the player, usually for the purposes of faster progression in ...
Ross Taylor-Turner's user avatar
3 votes
3 answers
240 views

Is the historic behavior occurring on Reddit (millions of people promoting the buying and holding of GameStop stock) illegal?

I've been a member of the subreddit r/wallstreetbets for some time now, it's this hilarious cult-like community that jokes about investment gains / losses and people celebrate making / losing money on ...
J.Todd's user avatar
  • 1,418
2 votes
0 answers
43 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 ...
Speckles's user avatar
11 votes
3 answers
9k views

Is it a crime to take out a loan with no intention to repay?

This question on Money.SE concerned a person who had taken out a number of loans. He didn't intend to repay these loans in full, planning instead to default and leave the country. Several posters on ...
Nate Eldredge's user avatar
9 votes
1 answer
967 views

How does insider trading law affect bitcoin exchanges?

The Bitcoin network is predicated on the premise that it is difficult to find 'low' hash values for a given input. This is an incredibly safe bet because of the way the algorithm is implemented - if ...
Stewart_R's user avatar
  • 191
9 votes
2 answers
2k views

What was wrong with the 2010 Flash Crash?

While looking for recent market crashes, I came upon 2010 Flash Crash. However, I am unable to understand what wrong the alleged perpetrator, Navinder Singh Sarao, did. Entering an "order to sell ...
Raj's user avatar
  • 201
5 votes
1 answer
984 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. ...
Nico's user avatar
  • 153
4 votes
3 answers
328 views

Can a business impose a minimum amout for credit card payment without notice?

Recently, I visited a bar I regularly attend and purchased what I normally get, which has a pre-tip total of less than $10. When I went to pay the check with my credit card, I was told that there was ...
Pyrotechnical's user avatar
4 votes
1 answer
138 views

How to stop pyramid MLM in India

Pyramid Multi Level Marketing in illegal in India, where the source of income is from recruiting downline and the joining fees. I have seen a lot of such companies working: some of them are registered ...
hkchakladar's user avatar
4 votes
1 answer
186 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 ...
Benubird's user avatar
  • 409
3 votes
2 answers
231 views

Using insider trading knowledge to trade on a competitor

In Australia, there are two major grocery companies, Woolworths and Coles. Now suppose I work for Woolworths and I become aware of a technological breakthrough that will dramatically increase the ...
Kenshin's user avatar
  • 343
3 votes
1 answer
64 views

What are the consequences of being party to a OFAC prohibited transaction?

The US Treasury has sanctioned Tornado Cash which is a tool for mixing Cryptocurrency. Since the sanctions don't actually stop this tool from working someone has used it to send small amounts of funds ...
blues's user avatar
  • 143
2 votes
2 answers
232 views

Can I buy 2 earthquake policies on the same home?

I live in a state with stupidly expensive state-sponsored earthquake insurance. To get a 5% deductible, I basically have to buy 1/10 of a house over my lifetime... but the chance of losing my home to ...
personal_cloud's user avatar
-1 votes
2 answers
64 views

What kind of lawyer should I seek to understand compliance requirements for processing credit cards?

I'm starting up a company that currently uses Stripe as a payment processor. However, their fees cut a huge chunk our of our margin and they don't offer the full functionality we need, specifically ...
Mike Flynn's user avatar