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0
votes
1answer
25 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 ...
1
vote
0answers
49 views

In Canada, how soon after a bankruptcy has been discharged can one be filed again? [closed]

I know that in the U.S., in the case of chapter 7, a person can file again for bankruptcy 8 years after being discharged and be discharged again. How does this work in Canada?
29
votes
3answers
9k 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
vote
0answers
26 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
154 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
34 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
138 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
166 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
196 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
137 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 ...
11
votes
3answers
2k 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
222 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
votes
5answers
162 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
631 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
votes
1answer
75 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. ...
14
votes
5answers
31k 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
votes
6answers
3k 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. ...