Questions tagged [finance]

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

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69 views

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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133 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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60 views

interpretation of an article

The term "Common Stock" as used in this Appendix B means the Company's Common Stock without par value, as the same exists at the date of filing of the Amendment to the Company's Amended Articles ...
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100 views

Does one need to be FCA authorised to charge interest on a loan to a friend?

The FCA guidance largely focuses around businesses intending to provide credit; there is little in the way of information on what the stance is when a friend-to-friend loan is made that involves ...
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170 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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60 views

In US, what happens if you owe money to doctor and forget about it?

If I owe money to some family physician or a dentist, but because my phone number has changed I was not able to be contacted by them. What does a doctor/dentist do if I owe them about $500 or so ? Is ...
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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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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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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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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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26 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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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, ...
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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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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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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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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 ...
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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 ...
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2answers
157 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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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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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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139 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" ...
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543 views

Are there countries that prohibit charging interest?

Is it true that Saudi Arabia prohibits charging interest? What about UAE? Are there any states actually prohibit interest rates?
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117 views

What happens if someone bounces a cheque in US?

From my knowledge, if A gives cheque to B and cheque bounces, then a warrant is issued against A. Is the warrant issued anytime cheque bounces by default ? Or B has to press charges against A for ...
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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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1answer
72 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
132 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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40 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 ...
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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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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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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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208 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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1answer
53 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 ...
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41 views

Financial Debt Transaction question, Compliance/accounting laws

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 ...
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1answer
55 views

Non-ERISA Fiduciary Responsibility for New York State

I would like to know ERISA equivalent for a government organization in New York State https://www.asppa.org/Resources/Publications/Plan-Consultant-Online/PC-Mag-Article/ArticleID/5217
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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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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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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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41 views

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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34 views

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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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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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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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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25 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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42 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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27 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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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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76 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/...