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17 views

Canadian Lending Guidelines

What are Canada's lending guidelines for conventional, private, portfolio and hard money real estate and commercial lending, and are there stringent income (or loan to value) requirements for these ...
2
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1answer
55 views

Is there any guarantee that index ETF will follow reference index?

As I understand: index ETF attempts to track value of some specific index. It may be done by either really buying index (physical ETF) or by creating some arcane financial instrument that is supposed ...
-2
votes
1answer
59 views

Pattern Day Trade Rule

I'm new to trading and to play around with I will open a small account with $1,500. The problem with this that I want to be a quite active trader,so I can make more profit from this small amount. But ...
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2answers
75 views

Does the “Free Ride” rule always apply to your entire collection of shares in a particular stock?

I tried my best to word this question right, so I will give an example of what I am talking about. On Monday, you buy 100 shares of Company X. On Thursday, the original purchase of 100 shares ...
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1answer
15 views

Foreign Exchange rules INDIA

Hi I want to buy some hosting space for my website and for that I have to pay the hosting co. in dollars can anyone tell me what are the regulations and compliances I need to follow.
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1answer
36 views

How to find a business consultant that would ensure that all your business activities are legal and compliant with all regulations?

I have been helping a friend of mine who is owner of a small Beauty Salon. In the last year I have been helping her with so many legal-related things that it is taking too much of my time and I want ...
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3answers
87 views

Does an individual share of a stock have some kind of unique identifier?

A security has an ID like a CUSIP or an ISIN. Does an individual share of a stock have some kind of unique identifier? The sort of thing that once would've been printed on a stock certificate, back ...
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2answers
155 views

Is there an upper limit on the amount you can pay by cheque? (UK)

Just curious, assuming I have the necessary funds in an account, is there a hard limit (technical or regulatory) to the amount you can authorise to be paid with a single cheque issued by a UK Bank? ...
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1answer
38 views

What is the name of the financial service that holds deposits for an exchange? [closed]

I want to set up a fx currency market (the barrier is low in my region). Instead of getting a license to hold customer deposits for trading, I've been told that there are institutions that hold ...
1
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1answer
79 views

Phantom Bank Regulations

I was power of attorney for my mothers account. I closed the account at the time of her passing away and received a cashiers check for the balance. A credit came in for 42.00 and the bank reopened the ...
1
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2answers
108 views

Should a retail trader bother about reading SEC filings

What exactly is an SEC filing? Is it like a quarterly earnings report, a press release? I could not understand much from the wikipedia link. Can you give an example where reading SEC filings has ...
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1answer
47 views

What margin is required to initiate and maintain a short sale

If I short 100 shares of a stock trading at 20$, what is my initial margin and my maintenance margin that I need to maintain with my broker? I have a REG T margin account.
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3answers
1k views

Is there a rule that a merchant must identify themself when making a charge

Recently I sent several credit card payments online. The company that charged my card is a multi-billion dollar company, so not just a small start-up. However on the statements the charges appeared as ...
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1answer
522 views

What scrutiny to expect if making large purchase with physical cash? [duplicate]

I tried googling this but most answers that came up were regarding "cash" as bank deposits that a check is normally issued against. Not "cash-cash" or physical cash, as a bunch of bank notes. Say ...
0
votes
1answer
40 views

Canada: Can financial institutions borrow against all RRSP assets?

I have a self-directed RRSP at a Canadian financial institution. In this case it happens to be a credit union. The RRSP account is holding a corporate bond. I pay the institution a fee for ...
32
votes
3answers
32k views

My credit card company is asking for my current income citing “Federal Regulations”

So I received an e-mail today from a bank from whom I have an existing credit card as follows: To consider you for a future credit line increase, federal regulations require us to have your ...
1
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0answers
51 views

What regulations are in place to protect consumer's investments in UK?

I know about FSCS (Financial Services Compensation Scheme), which will cover you in case your broker defaults, but it will only cover up to 50K GBP for investments; not particularly much. What ...
2
votes
2answers
364 views

Can I trade more than 4 stocks per week equally split between two brokers without “pattern day trading” problems?

Do pattern day trading issues arrive from having to many trades (4+) per week based on account or person? If I had another brokerage account at a different firm could I use this to increase the number ...
3
votes
1answer
42 views

What is the added advantage of a broker being a member of NFA in addition to IIROC

If my broker is a member of the national futures association, what extra protection does it give me over the fact that it is also a member of IIROC? I am particularly referring to this: ...
1
vote
1answer
276 views

Can we buy and sell stocks without worrying about settlement period

When I buy stocks in my brokerage account(non-margin), I heard that there is a settlement period of 2 -3 biz days after which the clearing house will deposit the stocks to my account. Same thing for ...
2
votes
1answer
348 views

Why aren't Paypal donations allowed in some parts of Europe?

I know that Paypal donations aren't available for Croatia, and maybe some other parts of Europe, but I always wondered why is it that way? Are there some legal issues or what? I'd really like to know ...
3
votes
1answer
202 views

Does the current Dodd Frank Act ban speculation in OTC swaps?

Does the current version of Dodd Frank ban speculative positions in non-exchange cleared (OTC) swaps? It does not refer to any specific type of swap. But my current understanding of the bill is that ...
3
votes
3answers
143 views

Should the price of fuel in Australia at this point be so high?

Checking the government websites (Australia) regarding the fuel prices and what influences them: International benchmark prices Taxes Other costs and margins Additionally there is this strange ...
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3answers
4k views

Why can't I short a stock that sells for less than $5? Is there another way to “go short” on them?

I don't like satellite radio as a business and I want to short Sirius (SIRI). The stock sells for less than $5, so my broker won't let me short it. Is this a limitation of my broker? Or some SEC ...
5
votes
1answer
263 views

When entering a Futures contract, must the margin deposit be idle or can I profit from it?

Let's say I am trading in a Reg-T Margin account. When entering a Futures contract, a certain amount of cash is needed as collateral (usually 5%-15%). I'd like to see that collateral generate income ...
3
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5answers
204 views

Is the no surcharge rule universal with regard to credit card purchases?

I am referring to this question. My situation is similar, except that I am in Malaysia rather than US. In US it is understood that it's part of their merchant agreement that they can not ...
2
votes
1answer
803 views

What is the difference between the different types of bank in Canada?

In Canada banks are referred to as tier 1 and tier 2. What are the differences between them? What services are they allowed to offer and not offer? Are all covered by the CDIC?
4
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1answer
78 views

What effect will the financial reform bill have on everyday Americans?

It looks like Congress made substantial progress towards passing the Financial Reform Bill today, but I really know very little about what is actually in it, and what I do know seems very complex. ...
16
votes
5answers
70k views

Is there a limit on the dollar amount of a personal check?

Is there a limit on the dollar amount of a personal check?
5
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6answers
5k views

Is there a law or regulation that governs the maximum allowable interest amount that can be charged on credit cards or in agreements where credit is extended?

When I worked in the corporate world, I remember dealing with a company from the U.K. who cited a U.K. regulation on maximum interest/finance charges that necessitated a change in their contract. ...