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Questions tagged [finance]

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

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-1 votes
3 answers
909 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 ...
Madness's user avatar
  • 284
1 vote
2 answers
513 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 ...
Norman Sobieck's user avatar
3 votes
0 answers
58 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'...
Franck Dernoncourt's user avatar
2 votes
0 answers
47 views

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 ...
somedude's user avatar
2 votes
1 answer
77 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 ...
somedude's user avatar
0 votes
0 answers
34 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 ...
jaspreet's user avatar
  • 101
5 votes
2 answers
231 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 ...
IKnowNothing's user avatar
  • 2,277
0 votes
2 answers
277 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 ...
moumous87's user avatar
0 votes
1 answer
159 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 ...
Daniel's user avatar
  • 309
4 votes
2 answers
586 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 ...
dsollen's user avatar
  • 8,480
0 votes
0 answers
32 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 (...
JIm's user avatar
  • 1
1 vote
1 answer
210 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 ...
Ryan_L's user avatar
  • 3,555
2 votes
2 answers
452 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 ...
gatorback's user avatar
  • 7,159
6 votes
3 answers
967 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 ...
Regional Director's user avatar
9 votes
2 answers
2k 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 ...
Raj's user avatar
  • 201
-1 votes
2 answers
73 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 ...
Jonah's user avatar
  • 147
3 votes
2 answers
770 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 ...
Barney Chambers's user avatar
5 votes
3 answers
887 views

Can a couple be charged for spending $120,000 deposited to their bank account in error?

A couple is being charged for spending $120,000 which was deposited to their account in error (also see this PennLive article) This is in Pennsylvania, USA. The facts are presented as follows: One day,...
GridAlien's user avatar
  • 1,628
1 vote
1 answer
227 views

What does upon conversion mean?

What does it mean when an investor say "I will give you $100k in exchange for 10% equity upon conversion"? What does upon conversion exactly mean in layman's terms?
Bisan's user avatar
  • 11
2 votes
2 answers
154 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 ...
actually_larry_page's user avatar
-2 votes
1 answer
97 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, ...
Carson P's user avatar
  • 111
1 vote
1 answer
60 views

Definition of privileged information in investor law

Person X makes a scientific discovery about some new metallic alloy. She then reasons that as a result of its applications, the market for some other metal will drop. Is she allowed to short the ...
Suresh's user avatar
  • 13
1 vote
1 answer
117 views

Is a monthly Patreon donation\subscription, a contractual obligation to pay someone?

Let's say I have a prepaid card with a balance of 0$ and I am subscribed to a Patreon user for the recurring monthly donation of $50. Let's say I remain subscribed to the Patreon user for 10 months, ...
Sayaman's user avatar
  • 5,180
4 votes
4 answers
746 views

Schwab 401k 'hacked'; somehow they added/linked an unknown bank account and transfered out ~10% of my balance!! How

I recently received a couple of 'notification' emails from Schwab re. the approval/completion of various changes I supposedly requested to an old 'inactive' (past employer) 401k account, including: ...
MNL's user avatar
  • 51
2 votes
1 answer
161 views

How is a US political campaign supposed to verify that donors from abroad are US citizens?

According the US laws, only US citizens may contribute financially to political campaigns - especially presidential campaigns. Suppose you are running a campaign. How are you supposed to verify that ...
CodyBugstein's user avatar
11 votes
2 answers
600 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 ...
Count Iblis's user avatar
12 votes
2 answers
2k views

Student Loan from years ago pops up and is taking my salary

Summary: For decades I had my student loans paid by automated payment from my bank without a problem; just take it out of my bank and there's a small benefit in interest for it. Recently, my ...
Mikey's user avatar
  • 231
2 votes
2 answers
251 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 ...
CodyBugstein's user avatar
0 votes
1 answer
65 views

Investor liability for investee actions?

The recent Supreme Court ruling in Jam v. International Finance Corporation kind of surprised me, as a layperson, since I had not imagined that banks were liable for their investees' actions ...
Him's user avatar
  • 322
4 votes
1 answer
411 views

Do you owe money to a company who is trying to charge a disabled/expired credit card?

A disposable credit card company from the US wrote 'recently' on their twitter Canceling a subscription can be difficult, time consuming, and frustrating. Or it can be as easy as clicking a button ...
David Mulder's user avatar
  • 1,238
1 vote
1 answer
402 views

Are marketplace lenders subject to fair lending laws?

Are 'marketplace' lenders, such as those using Lending Club or Funding Circle, etc., subject to fair lending provisions, such as the Equal Credit Opportunity Act or the Fair Lending provisions of the ...
shabbychef's user avatar
6 votes
2 answers
2k views

Bank is not depositing my promotion bonus

I opened a bank account in response to a promotion in a big bank (I'm in the US). Originally it was saying "if I keep my money (50K) for 60 days, I get $600". The agent at the branch didn't say ...
Mary's user avatar
  • 407
3 votes
3 answers
735 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 ...
Daniel's user avatar
  • 209
2 votes
0 answers
87 views

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 ...
Ben Voigt's user avatar
  • 204
3 votes
1 answer
227 views

Would there be any legal risk to informing bank that you have been given an account number your believe is compromised?

This question was asked on the financial stack exchange. The basic premise is that someone is giving another individual 'their' account number and telling the individual to take money out of it to ...
dsollen's user avatar
  • 8,480
2 votes
1 answer
131 views

Why is English law so important to finance?

What are the features of the English law that make it so indisposable to international finance and particularly offshore companies? I've recently bumped into this passage when reading about Cyprus, ...
user75619's user avatar
  • 121
2 votes
1 answer
365 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 ...
Nick's user avatar
  • 21
1 vote
1 answer
29 views

Where can single-asset alternatives be marketed to retail investors? [closed]

I know that in most countries/markets alternative investments can be marketed and distributed to retail investors... but only through pooled investment vehicles, i.e. funds. My question is then, ...
moumous87's user avatar
2 votes
1 answer
216 views

For a politician, is a lunch outing with Warren Buffet considered a $650,000 gift?

There is a story in the news about Nikki Haley (now former US ambassador to the UN) taking trips in a friend's (and political supporter's) private jet. See story: Watchdog wants investigation of ...
CodyBugstein's user avatar
3 votes
2 answers
221 views

Can a bank foreclose on a home of a person who has been kidnapped?

Say that an American homeowner is traveling overseas and then he/she is kidnapped by a terrorist organization. Does the American bank which gave that person the home loan have the legal right to ...
user avatar
-2 votes
1 answer
135 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/...
moumous87's user avatar
0 votes
2 answers
222 views

Is it legal to charge a percentage service fee?

The example is ACME Company has a payment processing system that companies X, Y, and Z can use. It enables more features than just "payment" processing, and it enables more than just "credit card" ...
jumpcutking's user avatar
0 votes
1 answer
46 views

What makes a stock exchange “private”?

I’m trying to understand the difference between a public and a private stock exchange, or any exchange for that matter. I guess that I and another 10 people made an agreement and started trading some ...
moumous87's user avatar
2 votes
1 answer
310 views

Is it illegal to purchase stocks with money that came from a Brinks truck?

There have been many times over the years when a Brinks truck has overturned, or the security guards forgot to lock the rear doors, and money came out of it while in route to its destination. Say a ...
user avatar
4 votes
1 answer
196 views

Can I fight a charge from forgetting to cancel a subscription?

I just got charged a substantial fee for renewing some domains that are years old, (old enough that my card on file had expired, so I don't know how they even managed to charge it) that I had ...
Benubird's user avatar
  • 409
3 votes
1 answer
25 views

Is there a site that lists all EU members' Statutory Instruments for specific laws (like MLD4, UCITS etc.)

I'm new here and don't have a law background but my field (finance) often overlaps with legal aspects quite a bit. I was hoping someone might be able to steer me in the direction of a good (free!) ...
Jeremy's user avatar
  • 133
2 votes
0 answers
44 views

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 ...
Speckles's user avatar
3 votes
0 answers
13 views

Familial exemption for investment advisor [duplicate]

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 ...
Speckles's user avatar
5 votes
3 answers
880 views

Why don't US prosecutors press for imprisonment for crime in the banking industry?

In this article by The Guardian published two days ago they report: RBS bankers joked about destroying the US housing market after making millions by trading loans that staff described as "total ...
Mozibur Ullah's user avatar
-1 votes
2 answers
54 views

Financial Debt Transaction question, Compliance/accounting laws [closed]

I am an IT Database person at our company. Our company does not have a financial transaction interactive program for business users, to log customer debt payments or debt increases. So they are ...
MarkAllison's user avatar