Questions tagged [finance]
Questions involving fungible assets -- especially securities and loans (mortgages, debts, etc.).
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Can I resell diesel to a trucking company's fleet during a price hike?
Say I have a container of diesel which I purchased at a low rate and got a discount for a bulk purchase. Can I resell it to a trucking company's fleet of truckers at a competitive rate in a high-price ...
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Specific law/regulation about annual report and other shareholder information disclosure in Canada
As I understand it, when you hold shares of a publicly traded company (or ETF) via a broker, the broker is obligated to forward you the relevant investor information from the company (e.g. annual ...
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Can an Australian bank legally issue bank accounts and Visa cards without obtaining proof of identity from the person requesting the account?
This is the first time I have posted to StackExchange so please excuse me if my question is out of scope, is in the wrong place or goes into too much back story. Any assistance would be greatly ...
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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'...
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Spouse hiding money
Can a lawyer request payslips from an employer? I am separated and my spouse is hiding money in a separate account in an attempt to pay less maintenance.
Any advice? My location is South Africa.
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Must US brokers send an FYI about market orders to their clients who placed a market order in the past month by law?
I placed a market order with my US brokers, namely IBKR. I received the following in an email from them:
Please note that we will send you similar FYIs each month in which you place a Market Order, ...
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Anti Money Laundering (AML) information on the beneficial owner for clients of a custodian
A custodian bank has a client which is an investment arranger.
The funds of the investment arranger's clients are held at the custodian.
The custodian has flagged one of the investment arranger's ...
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Corporate reorganization - subsidiary rejoins parent?
I'm looking for a term to describe when a previously structurally segregated entity is brought back under the parent. I suppose merge isn't wrong here but I wondered if there was something more ...
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Legal validity of the statement: "advise us of any incorrect entries within 30 (thirty) days"
It is standard practice of many financial service providers, in South Africa, at least to state on the bottom of their statement, something along the lines of:
Kindly check your statement and advise ...
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What marks the closing of an equity financing?
Years ago, as an angel investor, I invested in a startup company via a convertible note. The note converts on the closing of certain equity financing events.
So what determines the closing of an ...
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Do you need to return money collected through a GoFundMe if the money isn't used for the intended project?
Do you need to return money collected through a GoFundMe if the money isn't used for the intended project? Let's say you start a GoFundMe to make a game, you spend 50% of the money to make a game, but ...
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Is it illegal for a European to be paid for giving financial advice to people in the US?
I live in a country in the EU in which giving financial advice, such as stock tips, and getting paid for this is perfectly legal for a private individual.
Let's say I have a friend in the US who asks ...
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Does the CFTC have authority over all forms of "prediction markets"?
I've been reading over previous cases that the Commodity Futures Trading Commission (CFTC) have brought up against organizations like InTrade. From what I can tell, InTrade was brought under scrutiny ...
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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 ...
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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 ...
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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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What is an OFAC "prohibited transaction"?
so obvious first step: the official OFAC F.A.Q. (i.e. of the U.S. Office of Foreign Assets Control in the U.S. Treasury Department):
3. What does one mean by the term "prohibited transactions&...
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What requirements does the CFTC vs Ooki DAO Default Judgment place on token holders?
On June 8th, 2023 the District Court, N.D. California awarded default judgment against Ooki DAO for allowing illegal trading of digital assets, engaging in activities only allowed by registered ...
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Do shareholders of a private company have a right to financial data?
An employee of a private company is given company stock options. The employee exercises those options, and receives a signed certificate for the shares. Correct me if I'm wrong, but I think this makes ...
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Is it legal, with no licensure, to sell subscriptions to a blog offering opinions on future stock prices, even if the opinions are non-individualized?
To elaborate, let us take an instance where price predictions would be derived from computer models, and where predictions are disclaimed as being "opinions rather than financial advice".
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Is it legal for a firm to time their announcements based on the stock sale times indicated in the pre-established 10b5-1 plan?
I understand that SEC Rule 10b5-1 aims at reducing insider trading by having major shareholders and insiders of exchange-listed corporations trade a predetermined number of shares at a predetermined ...
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How to get fake debts legally quashed?
Consider the situation where a company claims someone owes them money. The person disavows this debt and believes it is falsely assigned to them.
Further, assume the company sells the debt to a debt ...
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Is the acquisition price of a company public information?
When a company is acquird by another is it possible to hide or not disclose the acquisition price? If it can be hidden, is the company permitted to omit such information on any public financial ...
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Are there truly legal limits on US interest rates?
I was puzzled when I recently watched an ad for Pay-Day-Loan (or the like) that in the disclaimer specifically mentioned that they didn't provide their service in New York due to legal limits on ...
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Are UK accounting laws compatible with South African accounting laws?
My mother is in South Africa. She has British Passport and would like to return to the UK.
At present, she is a bookkeeper in South Africa but as I understand it, different countries have different ...
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Internet banking regulations in the UK
I'm writing a report for some University coursework, in which I am supposed to analyse the security of an online bank.
I'm trying, with some difficulty, to find any laws/regulations/standards that ...
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What rights does a lender/loan purchaser lose by being negligent?
A lender wrote a mortgage on a house that was defaulted. The lender waited for several years before foreclosing, instead of acting, say, after 90 days. Shortly thereafter, the borrower declared ...
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bank account ownership verification from an IBAN
In a hypothetical scenario, an employee of a company A that makes eight digit annual income writes on an invoice IBAN of his bank account instead of the company IBAN. How can a different company B ...
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How does ‘piercing the corporate veil’ work for publicly traded companies?
I have read a bit on the internet about personal and firm bankruptcy.
I know the bankruptcy process for companies on several business structures (such as LLC’s [limited liability companies] and joint-...
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I have trading restriction on my company stock. Can I trade correlated ones?
I work for a company that is listed on the Nasdaq. Each quarter, employees have trading restrictions six weeks before the company results are released and two days after the release to avoid insider ...
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Can a financial service be extended at seller discretion and goodwill?
An FX Broker based in Ireland sold me over the phone a currency rate to transfer U.S. Dollar to Euro. The term of the deal I received by email stated the currency rate and a maturity date of two days ...
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How to Interpret the SEC's Updated Accredited Investor Definition
In December of 2020, the SEC amended their definition of “accredited investor” to include investors who (among other things) hold professional certifications. I am interested in the Licensed ...
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What limitations on campaign contributions, direct and indirect, exist in the US?
I know that an individual can't donate more than $2,800, but, apparently, it is not strictly followed (click on "amount"). Besides, there's a thing called the "Citizens United" ...
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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 ...
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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 (...
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UK Holding money as a middleman SAAS
We have spoken to many accountants and none of their answers seem to be consistent.
We are launching a website which basically allows users to support a seller (think patreon) through donations/...
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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/...
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