Questions tagged [finance]

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

Filter by
Sorted by
Tagged with
2
votes
1answer
109 views

Can someone short a stock if they have information that is likely to cause the stock to drop?

Suppose company X has a product P. An independent InfoSec expert M found a vulnerability in product P that can turn it into a significant safety hazard. Under the responsible disclosure guideline, M ...
1
vote
3answers
427 views

What consequences can a legal non-citizen 14 year old face if he applies for a credit card using someone else's SSN without permission?

I did this when I was 12, and I didn't know what this all was. My 12-year old mind was still working like a 6 year old. One day a letter came to my house saying you are not eligible or something, I ...
1
vote
1answer
71 views

Can a retail marijuana shop bank from a locally owned bank outside of their state?

Retail marijuana stores have to deal in cash, as most major banks refuse to deal with them. This causes a very dangerous situation for the store owner, and stories are already circulating about the ...
0
votes
1answer
175 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 ...
1
vote
1answer
81 views

Business obligations under the OECD AEI/CRS

101 governments have meanwhile signed the OECD Standard for Automatic Exchange of Financial Account Information in Tax Matters (AEI, AEoI) and have thus agreed to send information on foreign account ...
1
vote
1answer
58 views

Are US banks required to notify users of debts before passing them to collections?

Say a customer of a large American bank, let's call him Paul, overdrafts on a debit card from said bank, let's call it ABC Bank. There is no notice of an overdraft at the time the money is withdrawn, ...
3
votes
1answer
278 views

Could Trump bet on winning the presidential election?

This question came up during a discussion with some friends after I placed a bet on a certain candidate (let's call him T) winning an upcoming presidential election in a Western country, call it USA. ...
0
votes
1answer
31 views

What contract options do I have for investing in a friend?

My friend is a bitcoin trader and makes a living doing it. I've seen his setup and trust him and I want to ensure if anything goes wrong that he'll make efforts to pay me back. I know this is an ...
0
votes
1answer
666 views

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/...
2
votes
1answer
299 views

Is it illegal for Donald Trump to lie on his Financial Disclosures?

It is a very simple question, prompted by an assertion from a debate where one has claimed that he has lied on his financial disclosures, and that he is legally able to do this because: It is not ...
1
vote
1answer
214 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 ...
3
votes
0answers
56 views

How to stop pyramid MLM in India

Pyramid MLM in illegal in India. Where source of income is from recruiting downline and the joining fees. I had seen a lot of such companies workings. Some of them are registered with MCA and have a ...
2
votes
1answer
154 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 ...
0
votes
1answer
36 views

Options for beneficiary of insurance policy when parents divorced?

A divorced parent in excellent health wants to buy a life insurance policy on himself but he is concerned that the ex-wife cannot be trusted with money. The goal is to help support the 6 year old ...
0
votes
1answer
53 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, ...
1
vote
1answer
112 views

Is selling profits (a la Enron) legal?

Reading through a summary of the Enron Scandal, one of the mentioned "ventures" that Enron took, was a joint venture with Blockbuster to provide online movie rentals. In secret however, Enron had set ...
10
votes
2answers
5k views

Why is PayPal blocking my account according to U.S. tax law, if I've a UK account only?

I've opened PayPal account for my business and in My Profile I've clearly selected the UK address. My phone is UK, my bank accounts are UK and the balance is shown in GBP. So this is very clear to ...
3
votes
3answers
140 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 ...
9
votes
1answer
797 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 ...
-2
votes
3answers
404 views

Is it legal for a bank to discriminate against someone by the services they offer based upon their marital status?

A bank is charging me this kind of fee: The fee is $0 if you have over a certain amount, or if you have $500 going in through a direct deposit each month. I don't meet these requirements, so I don't ...
3
votes
1answer
38 views

Options buying and selling on collectibles

Could I legally create a website that allows for the purchase of options on collectibles – baseball cards, for example? Let's assume it's on a collectible that fluctuates in value rather than ...
1
vote
1answer
52 views

What is the legal basis for determining the value of a securitized collection of debt?

Publicly-traded companies have obligations as regards accurate accounting of their balance sheets, so how do they determine the value of novel types of securities which are often too complex to ...
0
votes
2answers
666 views

Credit card dispute: burden, rights, and options

I have a dispute with a credit card company. I would like to know my rights and my options. Here is the situation. An Israel based group offered to sell me a language course. It was a year long ...
1
vote
0answers
74 views

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 ...
0
votes
1answer
164 views

Can I use a PCI-DSS compliant image because our payment gateway provider is complaint?

Our company is not compliant with the Payment Card Industry Data Security Standard (PCI-DSS). But all our payments are only handled by one payment gateway provider who is PCI-DSS compliant. Am I ...
0
votes
1answer
66 views

Is it legal to generate attention in an industry to increase stock value?

Let's say I invest a large sum of money into stocks for the gun industry. Assuming I have no other affiliation with anyone in the gun industry, I do not work for a gun manufacturing company and I have ...
1
vote
0answers
20 views

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 ...
4
votes
1answer
228 views

When does a mortgage rate bait and switch become fraud?

I'm currently in the process of buying a house. Once the price was negotiated and agreed upon, I solicited quotes from various mortgage brokers. One offered a lower rate than the others, so we picked ...
1
vote
0answers
83 views

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 ...
4
votes
1answer
111 views

Does the “general public” include business entities?

Specifically regarding securities laws in the United States, there is often terminology that says: ... must not be marketed to the general public... The definition of "marketed" I understand and ...
2
votes
3answers
526 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 ...
2
votes
0answers
70 views

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. ...
4
votes
1answer
240 views

Can a bank keep cleared funds against your explicit instructions?

Does any legislation exist which permits or requires a bank to hold on to cleared funds against the explicit wishes of the account holder? Background I recently transferred my home loan to a new ...
8
votes
2answers
2k views

What are the legal consequences of disputing a legal credit card transaction?

Purely hypothetical question. Recently I rented a car from a company, let's call them Thrifty, the total cost for the trip was ~$150. Days later I got a bill for ~$70 in administrative charges for ...
1
vote
0answers
46 views

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 ...
3
votes
2answers
113 views

How was the $200,000 minimum income for accredited investors decided?

The SEC has a rule that restricts the definition of an accredited investor to a person who has income in excess of $200,000. (6) Any natural person who had an individual income in excess of $200,...
4
votes
2answers
8k 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 ...
2
votes
0answers
510 views

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 ...
3
votes
0answers
58 views

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 ...
1
vote
0answers
29 views

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 ...
3
votes
0answers
30 views

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 ...
4
votes
1answer
598 views

Does my company need an escrow license if we are a marketplace website?

We have a marketplace website that allows buyers to purchase content from sellers. We then pay out the seller's balance after 30 days. Our payment processor is requiring us to have an escrow license ...
1
vote
1answer
83 views

Are “non performing” loans still “secured?”

Let's say a borrower lends most of the value of a house to a borrower. The lender does so because s/he can use the house as collateral for the loan. Suppose the borrower goes into default/nonpayment ...
4
votes
1answer
741 views

Under what circumstances can a debt lien on real property be satisfied by foreclosure?

Under what circumstances can a debt lien on real property be satisfied by foreclosure? For example, let's imagine a debtor fails to pay a debt, say a car loan on a vehicle that is now missing or ...
3
votes
3answers
3k views

Do I have any options if Chase has closed my account citing payment from fraudulent sources?

A few weeks ago I received a $125 Chase QuickPay from someone on the site localbitcoins.com. Turns out the payment was marked fraudulent, and my account was frozen, whether it was because the user was ...
8
votes
1answer
15k views

Employer Won't Release 401k

A client of mine came today with a scenario that I had never seen. She had worked for a company for three years, held about $60K in a 401K, but four months after being laid off she hasn't been able ...
4
votes
2answers
223 views

If a malicious website steals my credit card info, what happens?

Let's say I submit my credit card information to a website to purchase something. They give me a message saying the item will be delivered soon, and I don't notice anything wrong. Later I find out ...
11
votes
3answers
6k 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 ...
2
votes
2answers
318 views

Why do VISA and MasterCard comply with U.S. sanctions that erode their business?

On what basis does the U.S. government prohibit American companies like VISA, MasterCard, PayPal, et al, from doing business on the Crimean Peninsula? Crimea is connected with, and backed by, the ...
4
votes
2answers
1k views

Can US student loans be inherited by children or parents?

Just curious if there are conditions where student loans can be inherited by family members that did not co-sign on the loan?

1 2
3