Questions tagged [finance]

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

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13 views

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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1answer
219 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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221 views

Would it be illegal for Donald Trump to short twitter, then leave the platform?

Presumably if Trump were to stop tweeting and move to a different social media platform (e.g., Instagram), Twitter's value would decrease significantly (source estimating Trump's value to Twitter). ...
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2answers
218 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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1answer
939 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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1answer
40 views

Can student loans be used in retirement, brokerage, savings, checking, and 529 accounts?

I am aware of the purpose of Student Loans. However if not immediately used, I park some of the money in a savings account. But would it be legal to use the same funds in a retirement account (...
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3answers
284 views

Liability for spouse's actions in the US

This is hypothetical. Person A and Person B are married. Person A cannot control the actions of Person B, because that would be domineering. If Person B makes a mistake that results in financial ...
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3answers
169 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 ...
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2answers
101 views

Is it legal to promise to pay out money to uninformed third parties?

I'd like to set up a system that will allow me to accept a payment from a customer, say $10, and distribute a portion of that $10 evenly to a variable number of third parties. The problem is I'd like ...
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2answers
57 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 ...
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2answers
96 views

How is getting foreign investors to support your bank fraud? (Barclays)

I don't have any knowledge of UK financial laws but I don't really understand how getting foreign investors to buy stock in your bank constitutes fraud. Now, of course, being a little cynical here, a ...
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1answer
132 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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2k views

Collateral and Property Rights

I'm not a legal professional or student, curiosity brought me here. I'm trying to figure out how ownership applies items that are financed, and to items that are used as collateral to obtain that ...
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1answer
181 views

Can a state regulate international money transfers?

A state representative from Texas next week will introdce HB 1760. The bill as presented will require persons here illegally who wire money outside the country to pay a 3% fee plus $5 per transaction. ...
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1answer
90 views

Can ecommerce merchants contractually disallow credit card chargebacks?

If an eCommerce merchant disallows charge-backs for non-fraud related cases in their terms of service, can they sue (and win against) a customer for initiating a chargeback in violation of such terms?
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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 ...
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3answers
445 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 ...
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1answer
81 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 ...
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1answer
191 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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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 ...
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1answer
64 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, ...
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1answer
307 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. ...
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1answer
32 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 ...
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1answer
743 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/...
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1answer
311 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 ...
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1answer
219 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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57 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 ...
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1answer
160 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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1answer
37 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 ...
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1answer
57 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
115 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 ...
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2answers
6k 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 ...
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3answers
143 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
824 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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3answers
406 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 ...
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1answer
45 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 ...
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1answer
56 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 ...
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2answers
673 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 ...
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0answers
75 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 ...
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1answer
196 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 ...
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1answer
68 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 ...
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21 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 ...
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1answer
234 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 ...
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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 ...
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1answer
124 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 ...
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3answers
600 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 ...
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0answers
71 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. ...
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1answer
258 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 ...
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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 ...
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52 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 ...