Questions tagged [finance]

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

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41 views

How is this interpreted “within five days after the same are sent, copies of all..”

"within five days after the same are sent, copies of all financial statements and reports that the Borrower sends to the holders of any class of its debt securities or public equity securities&...
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25 views

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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21 views

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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54 views

Is transferring money from a company where you're a director to a company where you're an employee considered money laundering? [closed]

Say you are a full-time employee of company A, and company A providing services to company B, where you are a director and a shareholder. Company B transfers money to company A. I've been told it can ...
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54 views

Does a financial company have to disclose information about my account when requested?

I have submitted a complaint to a finance company (vehicle) who completed an investigation where I am unhappy with the outcome. I requested all evidence they have regarding my claim including ...
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139 views

Legality of Chaumian e-cash

In the 1980s, David Chaum, a cryptographer, came up with micropayment system that would achieve cryptographic transaction privacy. Later, in the 1990s, he attempted to build this system, but it did ...
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19 views

Can the use of proprietary aggregations of public data be insider trading? [duplicate]

I work for a company that collects and analyzes publicly available social media data (among other things) to help with marketing / market research problems. We have business relationships with most ...
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138 views

Insider Trading

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 ...
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153 views

Insider trading due to mis-sent email?

Something that happened to a friend recently. This friend is in charge of negotiations for company A. An individual from company B, accidentally sent my friend minutes from a recent meeting outlining ...
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119 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 ...
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119 views

Why is Front Running markets not treated as insider trading?

Front-Running is described in the book Flashboys and relies on an information advantage, that is apparently provided by the exchanges to a select few. Is said practice somehow different from ...
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171 views

CEOs can't sell stock without risking imprisonment?

From what I understand if a CEO sells stock in their company and the stock price then goes down significantly within less than a year, they can get indicted for "insider trading" and face 5 to 10 ...
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210 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 ...
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87 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 ...
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390 views

Can Trump legally sell stocks on Friday, tweet about imposing tariffs on Sunday and then buy more of the stocks back on Monday?

Trump could have made a lot of money by selling stocks before tweeting about imposing tariffs on China and then buying more of them back when the price of the stocks has dropped. Would this fall under ...
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3answers
378 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 ...
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1answer
58 views

Harper v. IRS and the third-party doctrine

On tax day 2020, plaintiff James Harper accused the IRS of obtaining his cryptocurrency transaction history from Coinbase without a warrant. Harper is claiming the IRS violated his rights under the ...
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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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1k 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 ...
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124 views

My friend has alot of cash (about 55K in $100s) on hand and is afraid to put it in a bank. Should he be? [closed]

My friend was paralyzed from an injury when he was a teenager (about 30 years ago now). He has amassed about 55K in cash from being a small time marijuana dealer. He literally keeps it next to him at ...
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24 views

Out of country court case related to employee / employer financial claim

I am a contractor in Ontario, Canada. However, I am not a citizen of Canada or the US. I am contemplating a court case against my contract-employer in the US, regarding non-payment of my salary ...
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64 views

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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1answer
57 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/...
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39 views

Can the CEO of KODK be found guilty of insider trading?

Recently the American legacy film company KODK announced a deal with the US government to manufacture generic pharmaceuticals domestically. This announcement sent the price per share for the company ...
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16 views

What is the limitation on publishing / promoting stock positions and also having a vested interest in those stocks?

On a popular internet forum I follow for amusement, people will commonly announce their stock options positions before they make them so that once the positions succeed, they can brag while having ...
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786 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 ...
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152 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 ...
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586 views

Why is a company allowed to change the number of shares it’s divided into after its IPO?

I read that even after an IPO, a company can change the number of shares that it’s divided into based on a board vote. What’s to prevent them from arbitrarily increasing the number of shares to raise ...
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894 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 ...
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110 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 ...
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214 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 - ...
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46 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'...
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32 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 ...
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1answer
46 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 ...
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932 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. ...
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212 views

Avoiding the appearance of insider trading

Can one conceivably be accused of insider trading without being considered an insider at the company you work for? Is that classification by your company more just a way of categorizing employees and ...
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90 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 ...
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21 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 ...
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206 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 ...
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131 views

Do Bitcoin banks need a banking license?

Or consider any currency with no intrinsic link to any other currency or form of capital (i.e., not backed by USD or gold or anything like that), and note that the issuer/bank would not itself offer ...
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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 ...
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29 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 ...
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2answers
148 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 ...
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10 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 ...
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1answer
128 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 ...
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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 (...
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861 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 ...
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79 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, ...
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2answers
51 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 ...
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2answers
270 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 ...