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For legal questions relating to personal finance. Note that Stack Exchange does *not* provide legal advice; for questions with potentially serious legal ramifications, consult a lawyer specializing in the law in question.

2
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0answers
88 views

Insurance Producers and Church Tithe

Getting ready to sit for my examinations and these questions popped into my head. Curious about the nuances of illegal inducement in these circumstances. I know there are issues with gifts greater ...
5
votes
1answer
90 views

Can requesting an IRS transcript result in more problems?

I have some unfiled tax returns with the IRS. I met with a lawyer that specializes in help with IRS issues and he told me that the first step in their process is to get an IRS power-of-attorney from ...
2
votes
1answer
60 views

What should I look for in a lawyer for help with the IRS? [closed]

I need to hire a lawyer to help me file unfiled tax returns in prior years. What are some special considerations/qualifications I should look for? I have interviewed a couple of them and most the ...
1
vote
2answers
65 views

Should retail investors study exchange rules?

The NYSE has just shy of ten-thousand rules in their rule book. That ain't exactly light reading material either. If a retail investor is an active trader on NYSE, how well should they have studied ...
3
votes
1answer
137 views

SSI in USA: Will SSA demand repayment if recipient is sentenced to “time already served”?

Eve intends to plead guilty to a criminal charge.  Eve has a child Bob. Alice has guardianship of Bob and also management of Eve's income which includes Supplemental Security Income (SSI). SSI will ...
2
votes
4answers
217 views

Can a rent increase with RPI value be enforced retroactively?

In October 2016 we have rented a lovely house through an agency and , while negotiating , the landlord proposed that after one year the rent should increase with the RPI value. We accepted but with a ...
0
votes
0answers
35 views

What are the steps in a co owner buy out? [duplicate]

I closed on a home with a co-owner in June 2018. We did not sign any pre-closing agreement determining what will happen if we split up. We currently divide everything 50/50 including the maintenance, ...
9
votes
3answers
847 views

How to recover years of monthly payments to a scam website? (UK)

Not sure if this is the best place to ask the question. It's kind of related to finances. I somehow got tangled into a scam (in my opinion) called completesavings.co.uk I found out that somehow 3 ...
2
votes
0answers
56 views

What is the equivalent of a nominee system in US banks?

If I want to ensure that my bank account funds are transferred to my parents, who live in India, (I would assume through some legal proceedings) in my absence, is there any method to nominate them ...
1
vote
0answers
51 views

Employee contract review in the UK: What's a reasonable price to pay?

I'm a techie in the UK and wanted to have my contract reviewed by a lawyer in order to understand specifically what I can and can't do outside of work. For example, whether I could consult on the side ...
1
vote
1answer
132 views

How do I protect myself when signing over an aircraft after an insurance claim? [closed]

After an aircraft accident happened: Global Aerospace Inc Insurance company, asked us to sign over the FAA aircraft title to them and told us we "MUST leave the buyer and dollar amount blank. We ...
1
vote
2answers
233 views

Can the board of directors block a key employee from selling vested shares?

The shares are no longer restricted and are fully vested, and there are no upcoming announcements or other inside information that may affect the share price. It just smells like a conflict of ...
20
votes
5answers
4k views

Does a direct deposit arrangement also enable direct withdrawals?

Suppose, for example, an employer in the United States deposits employees' paychecks directly into their bank accounts. If they determine (whether correctly or incorrectly) that a former employee was ...
1
vote
2answers
356 views

What should I expect when receiving a very large sum in a domestic wire transfer into my bank account?

I am anticipating receiving a very large sum of money in a domestic wire transfer between banks into my personal bank account from a domestic company's business account. What should I expect once the ...
1
vote
3answers
556 views

If a renter rents a room from your house for many years, will the renter eventually have rights to ownership

My husband and I purchased a house together. The mortgage is in both names. I moved out and am legally separated. He rents out a room now to the same person for many years. In the future, will the ...
1
vote
1answer
123 views

Restricted in service distribution at age 59-1/2

Is it legal for an employer to restrict 401K in service distribution to employees 59-1/2 years of age or older? Is the employer liable if this restriction was not clearly explained at the time of a ...
8
votes
3answers
4k views

Student loan grievance: Is it illegal for servicer to lower my minimum monthly payment because I've been aggressively overpaying? [closed]

In the mind of the servicer and lender, they're doing me a favor by lowering my monthly minimum payment, yet really they're aggravated that I've been overpaying and am now considerably off of the 10-...
2
votes
1answer
384 views

How to get my money back from the Police?

On June last year I have attended a court case as a witness. I had to spend a lot of money on travelling and food because the case was in a different Country. I was asked by the Police officer that I ...
6
votes
2answers
899 views

Will I need to worry about “structuring” with wire transfers?

I am moving a large (for me) amount of money from a US bank account to a Danish one. Both are in my name. In order to even out the risk of transient exchange-rate spikes I'm planning to do it as a ...
86
votes
10answers
25k views

I am an EU resident being contacted about stock I own in a defunct company by a supposedly US based lawyer, is this a scam?

I am based in the EU, so I have very little knowledge of how the US legal system works. I have been contacted by a "law firm" in the US about a financial issue: a company in which I own a small ...
1
vote
0answers
39 views

European nomad, moving every few years. Tax residence and capital gains tax on purchase and sell of ETFs/Funds

This might be a silly question. Let's say I change jobs and country of residence-always within the European Union-every 3 years, purchasing monthly the same ETF through a local broker on each ...
0
votes
3answers
352 views

Bait & Switch Doctor [closed]

I took my two daughters for a “Free Consultation” to an Orthodontist. They said the doctor may need to take x-rays, Panoramics. These are not included in free consultation. I checked with my ...
5
votes
1answer
454 views

In the USA, is it illegal for a group of people to agree to purchase or sell a particular stock?

I am researching this as a part of a story plot involving hundreds to thousands of people who are members of a religious organization and who have agreed to buy and sell a particular company's shares ...
2
votes
1answer
145 views

Does a consumer lose their rights under a repair/refund guarantee, if they apply for a refund but don't return the item quickly enough?

Backstory: In January of this year, I ordered an article from a webshop in the Netherlands (EU) which has an IP67 certification and for which usage under water is promoted. This product has been ...
0
votes
1answer
41 views

do Convertible bond/note always convert?

This is how i picture convertible notes to work: the company gets a loan from a investor, and pays a certain annual interest. the note also has a conversion price, and if the market price of the ...
3
votes
1answer
194 views

Magazine subscription sign-up never completed yet publisher is sending me the issues. Later it will want to charge me for sent issues. What to do?

I filled up a form for a monthly magazine subscription. I gave them my name, address for delivery and credit card number. I hit the Submit button and the page said my card was rejected -- so the site ...
5
votes
1answer
1k views

When can an “insider” sell shares to the market?

If all the necessary information about the company at the moment is already disclosed to the public, are insiders allowed to immediately sell as much as they want? Is there a limit?
0
votes
1answer
70 views

Do companies sell new securities before or after a prospectus about the offering?

There wasn't any specific information on when exactly the transactions take place. So are the companies able to engage in the actual sale of the new securities prior to giving the public the base ...
8
votes
1answer
1k views

Withdrawing large sums of money

In the USA, if I were to have an account balance of six hundred thousand dollars which I would like to withdraw in cash, is there any federal obligation for the bank to hand the money out in a certain ...
0
votes
2answers
43 views

Is a real estate attorney needed for builder deposit contract?

I am in the market for a new house and my agent recently showed me a new construction that is only about halfway completed.The builder is financing the construction and he said he can "hold" the house ...
1
vote
2answers
598 views

What is fair between 10 owners of an estate? [closed]

My father passed away in 2014, and my mother in 2012. They left a will 30 years old. They had my 2 sisters as executors. We were never told anything and they had me and my sister pay rent. I paid for ...
4
votes
2answers
218 views

How are option contracts enforced?

Option contracts (this question also applies to futures) on exchanges are required, legally, to at least put an option margin of 50% to cover some collateral. However, if things go as expected for the ...
2
votes
2answers
96 views

How do investment banks evaluate a private firm going public? Is it based on the assets owned by the company?

Suppose a private firm(sole proprietor) has assets worth 50crs(zero Liability). Now I want expand my company by taking it public. I reach out to an investment Bank. Will the investment bank evaluate ...
2
votes
1answer
2k views

What is a non-residential grant deed?

In looking at properties on one of the popular property aggregator sites, I've seen some transactions labeled as being "insured non-residential grant deeds." This is usually accompanied by a sale at a ...
3
votes
2answers
72 views

Will the EU PSD2 directive require banks to create APIs available to their customers?

All materials I can find use the term third party providers to describe entities that will use the open APIs that banks will be required to create, and supposedly these providers will still have to ...
1
vote
0answers
475 views

Are IRAs and 401(k)s insured against theft?

If someone steals (maybe by logging in with stolen credentials) from a person's retirement account, is that money gone, or are accounts insured against theft and hacking? Edit: it sounds from the ...
1
vote
1answer
93 views

Online Return Policies

I purchased merchandise online from a retailer that has a 365-day return policy. I followed the steps to return the merchandise, filled out the forms to do so, and sent the merchandise back to the ...
2
votes
1answer
357 views

Is it violation of labor law if W-2 salary is greater than LCA

I am IT contractor working for Consulting company. I work at a client location, my pay depends on what the client will pay to my employer. Of course I and my employer have an agreement that I should ...
7
votes
2answers
416 views

Insider Trading?

Note - I have seen the other questions but they are still vague and explanations parsimonious. Is it still considered insider trading if no benefit was exchanged or received from the information? ...
3
votes
1answer
76 views

Tax rules for United States citizens living in the US but being paid from outside the US

Background For reference I am asking this question from the point of a self-employed (freelance programmer) who lives in the United States but has been contacted by and asked to complete a small ...
5
votes
1answer
376 views

Are consumers liable for fraud related to bank account and routing numbers?

There's a ton of information about liability related to fraudulent debit and credit card charges, and even a little about fraudulent checks, but I'm having trouble finding similar information about ...
2
votes
2answers
133 views

Can I reject a compensation voucher for a cash refund (partial or full)? [closed]

I went on a day-trip to the U.K today, and went to a cinema. I paid for 3D but unfortunately the 3D projector wasn't working so it was shown in 2D instead; when I exited, I was given a voucher that ...
1
vote
1answer
319 views

F-1 student investing in foreign markets

I am currently an F-1 student studying in the US. Before I came to the US, I was day trading stocks back home ('a foreign market') - where I am from. Can I still day trade from the US in my home ...
44
votes
12answers
19k views

Is it legal if I'm managing my family's entire wealth?

My family (father, mother, and brother) have allowed me to invest their money in the stock market and other types of investments (real estate, bonds and mutual funds). Is it legally okay to do all ...
-4
votes
4answers
439 views

What is the purpose of the wash sale rule?

I understand the basics of what a wash sale is, and in particular that it prevents an investor from realizing a capital loss through a temporary sale of a security in order to offset a capital gain. ...
2
votes
1answer
190 views

Is lemonade insurance a de-facto mutual insurance company? [closed]

Lemonade insurance is a startup that markets itself as the first P2P insurance company, which totally eliminates the need of brokerage service. Are they (and a general P2P insurance organization) a de-...
-2
votes
3answers
71 views

Query regarding international transaction between governments [closed]

Consider a scenario in which Person A who resides in India spends 1 Million USD to purchase some goods (as an individual for personal consumption) from an American person B. Person B gets 1 Million ...
1
vote
1answer
225 views

Taxes on freelancing in USA by an Indian

I'll be soon moving to Harvard and so far, I've been freelancing (web-development) with clients globally. Before we go any further, I must specify that I'm from India and have paid taxes to Indian ...
0
votes
2answers
140 views

Can I force non-payment on a pre-authorization hold by closing account?

I was just thinking back to an episode of Silicon Valley, just hear me out, where Gilfoyle tells Dinesh he can close his bank account to avoid having the donation platform collect the $5,000 he doesn'...
4
votes
3answers
906 views

What is the rationale behind an FSA being “Use it or Lose it”?

One of the biggest gripes most people have with the Flexible Spending Account is the rule that you must "Use it or Lose it". This can lead to people frantically running around just before their money ...