Questions tagged [finance]

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

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1answer
52 views

Is it possible for a non-citizen nor GC holder do crowdfunding inside the US?

Supose that a person A is an international student in the US. A has an idea and like to launch a company on that. I know A doesn't have a work permission but also believe that A can register a company ...
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1answer
53 views

Insider trading and assertions made by influent agents

It is possible for an influent (private) agent, namely someone who has the power to direct the market, to buy a stock before giving a positive announcement about the stock itself? Does his investment ...
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68 views

Legality of Auctioning International Criminals/Terrorists?

Wild hair brain thought here that I'm not finding much on. So the idea is this: there are international bounties for heinous individuals that multiple people may have an interest in capturing, be they ...
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1answer
88 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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1answer
104 views

Not depositing cash from business transactions

Is it legal, in the U.S., to not deposit cash proceeding from business transactions, such as real estate rentals or restaurants, so long as those monies are ultimately declared as income to the IRS, ...
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1answer
138 views

Is it legal for a college to ask for a 12-month financial history?

I'm trying to pull together my in-state residency petition before my fall bill is due after finding out suddenly that my residency was listed as out-of-state while I was on scholarship. The petition ...
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1answer
211 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 ...
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1answer
37 views

Under what circumstances, are market makers allowed to engage in naked short selling?

It is important to note that naked short selling is not always evidence of intent to manipulate prices. Under certain circumstances, a market maker may engage in naked short selling to stabilize the ...
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1answer
36 views

Are non-banking companies required to hold in reserve in certain situation?

Banks with more than $124.2 million in net transaction accounts were required to maintain a reserve of 10% of net transaction accounts. Banks with more than $16.3 million to $124.2 million needed to ...
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1answer
64 views

Are large banks required to write blueprints on how to break them up in case they go bankrupt in the United States?

Are large banks required to write blueprints on how to break them up in case they go bankrupt? I remember there was a talk about requiring large banks to write blueprint on how to break them up in ...
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Do Donald Trump's actions constitute embezzlement?

This question is inspired by this other question. In that question, it was written that: Donald Trump moved more than $200,000 donated to his Make America Great Again PAC into his own private ...
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1answer
98 views

Is it allowed for a retailer that accepts Visa cards to deny those issued by a particular bank?

This is really a two-parter. Friend of mine who is very bad with money used one of those online services that let you buy something in the moment and pay for it afterward with fixed payments over a ...
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201 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 ...
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2k views

Is transfer pricing legal in the United States?

Is transfer pricing legal in the United States? Transfer pricing allows companies to sell to its own subsidiaries without using market pricing mechanisms to do so. Is this legal in the United States? ...
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3answers
276 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 ...
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Removing deceased spouse from mortgage - TX | USA

A couple years ago, the lender on my mortgage approached me about refinancing the house to lower my payment, but my wife passed away several years ago. Being in our early 30s, and poor as could be, a ...
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1answer
60 views

Regulation of P2P lending in India

Regarding the legal aspects of peer-to-peer lending in India, I have two questions— Whether P2P lending in India is regulated or not? If it is regulated then what are the related laws/rules and ...
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1answer
44 views

Storing data from stock data feed provider like Yahoo! Finance or FMP Cloud

Suppose a developer creates a web application for stock market alerts and notifications. Is it legal to store data obtained from purchased subscription of data feed providers like Yahoo! Finance or ...
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2answers
127 views

How does discovery work for financial crimes?

There is a case in the news at the moment about the post office securing 736 convictions for false accounting and theft that later some were overturned on the basis of an accounting error made by an ...
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1answer
37 views

How do you get an interest-free conditional debt recognized?

How do you get an interest-free conditional debt recognized? Let's say I sign a contract with a relative that says upon my death, you get X amount of money if I have enough money to service that debt, ...
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1answer
48 views

Stocks and social media (pump & dump?)

Some wealthy and famous individuals have the power to influence the stock market simply by posting on social media. For example, a famous billionaire tweets "I'm excited to see what ACME develops ...
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1answer
69 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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2answers
176 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 ...
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1answer
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On the Legality of Teens Trading Stocks---Cf. Barron's (6/14): ``Here Come the Teens: New Apps Make it a Cinch for Teenagers to Trade Stocks...''

It appears according to an article (`Here Come the Teens: New Apps Make it a Cinch for Teenagers to Trade Stocks. Are They Investing---or Gambling'') which appeared in Barron's this week, minors are ...
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99 views

How do laws affecting racial and gender justice programs work?

Recent COVID19 relief packages in the United States include racial justice measures, such as additional funds without repayment for farmers on the basis of race. Although the COVID19 relief itself ...
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73 views

Should you share Credit Card details with online websites?

This comes from me casually entering my bank details on every next website. This includes Canadian tire, Home Depot, Coinbase, etc. to name a few. There are countless such (reliable and well-known) ...
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1answer
89 views

What makes a shareholder a "shareholder of record"?

In public companies filling some reports with the SEC (10K for example), there is a mention of the number of shareholders of record. Example: "As of April 20, 2021, we had approximately 40 ...
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1answer
57 views

Are tax crimes' punishments in general proportional to the amount of money?

Let's say that I sell 0.001 BTC right now on Bisq (decentralized P2P exchange) and the buyer sends me $500 USD to my bank account. I then use that $500 to buy a pair of headphones for myself. Or I ...
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1answer
51 views

How does the US law deal with cross-border market abuse?

I guess that when some market abuse happens within the US, it is relatively easy for SEC to track down the criminals and sue them. But what makes me wonder is that what happens in case someone runs ...
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1answer
195 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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2answers
83 views

Does Unsecured Debt Have Implicit Collateral?

I am thinking of a simple case. For example, suppose I bought a home, but there is a mortgage where the contract stipulates that if I default, the bank can seize up to 95% of the home value. This 95% ...
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2answers
62 views

Can novel investable securities have intellectual property rights?

Let's say I'm a bank, and I create this really popular investment product I'm selling left and right (for example, say I'm Lewis Ranieri, and I invented the mortgage-backed security). This product is ...
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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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Is it legal for a group of people to publicly and transparently recruit others to influence a stock price? [duplicate]

Generally, stock manipulation is a covert affair, with those at fault either submitting orders themselves with the intent to manipulate prices, or tricking others into doing so (e.g. pump and dump ...
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1answer
75 views

Is it legal for an investment firm to announce some positions/trades that aren't true?

Taking as example the 2021 GameStop short squeeze, is it legal for an investment firm to announce some positions/trades that aren't true? The question was triggered by this Tweet (mirror):
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2answers
92 views

Have brokerages like Robinhood broken contracts with their customers by refusing to execute orders?

The following question is related to this one. However, my question regards the contractual duty whilst the linked one considers the brokerage's obligation to the state. Some brokerage firms like ...
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3answers
221 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 ...
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2answers
9k views

Someone withdrew money from my bank account - what are my rights?

Someone withdrew money from my checking account (in several transactions) without my knowledge or permission. I was able to see the withdrawal slips online, and my signature was forged. I reported ...
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19 views

Law 553-FL-ARB contract

Me and my grandpa signed this simple finance contract just yesterday, but what we didn’t notice was so many sheets that we signed that weren’t really pointed out, I know this is not something the ...
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1answer
14 views

Do SEC regulations require funds of funds to include in the expense ratio of the parent fund the weighted sum of the expense ratios of the holdings?

I have read: I believe SEC regulations also require a "fund of funds" to publish the expense ratio of the parent fund to include the weighted sum of the net expense ratios of the holdings. ...
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1answer
2k views

Executive order by Trump on 2020-11-12 barring investment in publicly traded companies that the US says are owned/controlled by the Chinese military

I read on finance.yahoo.com (mirror): The move stems from an executive order President Donald Trump issued on Nov. 12 barring investment in publicly traded companies that the U.S. government says are ...
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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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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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1answer
57 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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56 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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2answers
162 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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3answers
151 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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1answer
170 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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2answers
175 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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2answers
205 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 ...