Questions tagged [law]

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.

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43 views

Does Canada have regulations regarding “shorting against the box”?

If you hold a long position in a stock and believe it will go down but don't want to realize any gains, you can a open short position in that same stock to hedge against any drops in the price. This ...
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1answer
132 views

Which laws prevent a corporation with a 51% stake in another firm from exploiting the minority shareholders?

What are the relevant laws which prevent a corporation with a majority stake in another firm from acting against the interests of the minority stakeholders? Such a corporation could, for example, use ...
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3answers
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Cost of retaining right-of-way lawyer [closed]

I am currently discussing to purchase a lot at Prince George's County, MD. The original deed refers to a right-of-way deed with the state of Maryland for a small piece of that lot. I have a copy of ...
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1answer
169 views

Does “market manipulation” apply to Bitcoin and other cryptocurrencies?

Let's say I own a popular Twitter account with millions of followers. Would it be legal according to US law to engage in blatant market manipulation designed to trigger the price of Bitcoin to go up ...
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1answer
971 views

Is a Low Orbit Gamma Cannon illegal?

The recent/current GameStop situation with r/WSB vs Wall Street reminds me in some ways of the Low Orbit Ion Cannon, a tool in the 2000s that 4chan/Anonymous used to DDoS sites using the home ...
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1answer
104 views

How to keep a will up-to-date?

I am not sure if I have a misunderstanding about how the will works. Scenario: Let's suppose I: have accounts in RobinHood, TD Ameritrade and Wells Fargo. then I prepare my will listing all these ...
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3answers
4k views

Do I need my own attorney during mortgage refinancing?

I'm refinancing my mortgage with a well-known lender. I assume the lender's attorney will review the closing documents. I know the documents are pretty standard, but still wondering if I need to hire ...
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1answer
137 views

Can I create an LLC, offshore, or a Limited company in the the U.K. to invest my personal money in equities? [closed]

So, I have a large portfolio of stock assets, gold etc. and I want to leave these specific assets from some of my brokers and physical gold/silver to one of my grandchildren, 14 (please don't tell me ...
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1answer
3k views

Why is the price of hydrogen (H2) in Germany fixed at 9.50 EUR per kg?

In Germany there are only a few H2 gas stations. Why do they all have the same price? Why is the free market disabled here? Which law is responsible and why was it created?
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1answer
113 views

is estate responsible for debt co-signed by decedent for car loan if car repo'ed AFTER the death?

My mother co-signed car loan for her grandson. Car was repo'ed 7/11/20. As executor of her estate ( she passed in 5/20), I received notice that the car would be sold on 7/29/20. I did not receive that ...
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2answers
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Does insurance gap affect pre-existing condition coverage?

I might be unemployed for a few weeks and will lose health insurance during then. I'm trying to figure out what the implications are, in particular, whether I'd have troubles getting pre-existing ...
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Consumer Contracts Regulations (2013): Returns and Exemptions

This question is regarding the Consumer Contract Regulations (2013) in UK law. I have chosen to post on here, rather than law.SE, since my question is regarding monetary refunds for items purchased. ...
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2answers
453 views

Do super rich people have to show their net worth to the public by law? [closed]

Pretty much all the rich and famous people (i.e billionaires) have their net worths publicly displayed for everyone to see. Since this is the case, I was wondering if after a certain wealth threshold ...
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1answer
53 views

What constitutes “close to being vested” in ERISA claims for illegal termination to avoid paying pension benefits?

Sometimes a company will lay off workers who are approaching their term of service when their pension benefits will vest. So, for example, let's say an employee's pension plan vests at 30 years of ...
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1answer
120 views

Tenant disputing security deposit deductions can I add additional deductions?

Our tenant resided in the unit for 2 years and we took over managing it as the property manager was doing a poor job. Using the move in report from the previous manager we calculated deductions and ...
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111 views

I have two citizenships, a different coutry of residence and I'm studying abroad. Where do I pay taxes?

Background I have dual citizenship, Italian and Belgian My permanent residence is in (mainland) Spain I'm studying at a university in the UK (specifically, Scotland) Question I recently started to ...
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How to approach a federal documentation while considering self-employment obligation/mismatches in info

Most people who work probably do so through normal employment where their incomes are readily apparent. If one works as a self-employed individual then the burden/obligation rests on them to report ...
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1answer
18k views

Scammed by Boiler Room & Now Fake German Law Firm

Late last year I invested heavily in what is now apparently a "Boiler Room". After trying to find any way to get my money back I came across a law firm. I found nothing about the lawyer ...
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109 views

Employee benefits not signed up by hr

I enrolled in life insurance for myself and my husband on hire and open enrollment. He now has passed away. The life insurance company said hr never enrolled him. So no policy. Do I have any recourse? ...
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FBAR/Form 8938 implications for US heir/beneficiaries of foreign estates

This is a somewhat technical question and I'm hoping someone here has actual experience in handling this; it should be a quite common situation in the US, but I couldn't find any direct information: ...
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1answer
140 views

Can seller backout of their counter offer after buyer accepts

Situation my son is in. He made an offer, then the seller countered. He countered again, they countered back. He accepted their counter. Now they don't want to do it, and may have sold the house to ...
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3answers
299 views

Who can you report wire fraud to?

Today I found that someone had accessed my brokerage account, added an external account, and transferred out thousands of dollars. This is wire fraud. While I'm not concerned about the return of the ...
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2answers
4k views

Can I open a 529 retroactively to pay my student loans?

At the end of the year 2019, congress passed the SECURE Act. This act does many things relating to retirement accounts, but Section 302 specifically relates to 529 account expansions. These changes ...
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3answers
582 views

Bank asking for spouse's financial details: what to tell them?

Our bank sent an email to my spouse saying that they are required by law to collect some details, and that they may terminate her account if this info is not provided. My wife is a homemaker, and ...
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2answers
143 views

UK Broadband company started a new 12 month contract without my authorisation

I don't want to name the provider so have referenced them as Provider. The following has happened to me and I want to know where I stand legally. This has happened in England (UK). In December 2015 ...
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1answer
177 views

Company cash going through my personal bank account

I work for a franchise, our clinic is located in one state and our administrative offices in another. I am required to do the accounting for our office. I have a credit card machine which processes ...
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2answers
246 views

How to price target when selling a home?

Under the Fair Housing Act, it is prohibited to "impose different sales prices or rental charges for the sale or rental of a dwelling." But in the residential market, does price targeting actually ...
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1answer
750 views

Am I legally obligated to destroy or void a check?

I received a check for 9 cents from a major bank for an overpayment (as a result of setting up automatic electronic payments and not wanting to send an extra one time payment of 9 cents at the end). I ...
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1answer
1k views

could pursing a TILA claim against my credit card result in a cancellation of my credit card?

Quoting https://www.carlsonattorneys.com/truth-in-lending-act/ , URGENT NOTICE: The Carlson Law Firm is currently investigating a Truth in Lending Act violation on behalf of American Express credit ...
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7answers
8k views

What are the advantages to banks being located in the City of London (the Square Mile)?

This question is about the City of London, i.e., the Square Mile, not greater London. There are an awful lot of international banks located in the City of London. What advantages are there to having ...
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3answers
12k views

How to prove that invoices are really unpaid?

When it comes to official business documentation (USA) between a company and a client who is either another company (B2B) or individual person (B2C), how can the company providing the invoices, prove ...
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2answers
519 views

Why some ETFs delay payment of dividends after Ex Date?

I was looking at ETFs and noticed that etf like QQQ, DIA( Ex date is 09/20/2019 but pay date is 10/15/2019) pay dividends about 5 to 6 weeks after the Ex-Dividend date . But other etfs (e.g IVV, VOO) ...
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0answers
26 views

Applicabilty of COBS to PRIIPs

Under FSMA 2000 and the subsequent amendments, the FCA is empowered in the UK to develop rules and guidance for authorised firms to adhere to. These are generally captured in the FCA Handbook, itself ...
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1answer
250 views

Could my app take deposits from and execute stock trades for others but using my own brokerage account?

Don't know if this questions belongs here but I'd figure this place is the closest in relevance. Basically, I want to build an investing application that is open for the public to use. Many ...
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1answer
56 views

Income present but no tax residence. What then?

Many countries have this 187 days rule: if you’ve lived and worked for more than 187 days in that country you’re automatically a tax resident there. But what if you change countries frequently, let’s ...
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0answers
120 views

If the broker invokes this clause to sell assets to themselves on death, how is the price determined?

Recently I was considering opening a new brokerage account and found the following troubling clause in the account agreement: The transcription, with my emphasis added: You authorize us and we ...
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2answers
357 views

Securing a loan with a loan, does this even make sense?

My friend wants to buy a house; however he does not have the capital to put twenty percent down because he loaned out his capital as a secured business loan last? year. He thinks all other business ...
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2answers
136 views

Broker Didn't Invest the Roth Contribution in the Tax Year They Said They Did - Now We are Behind. What can we do?

The short story is: In the spring of 2016, we gave our broker a check to max out our Roth IRA contributions for the tax year of 2015 (check was written and cashed by the broker before April 15 in ...
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2answers
105 views

Splitting home equity with family, both family members on the loan, one brought in more down

In CA, how is it approached when 2 parties enter a loan to purchase a home then either want to sell and split ways or sell and move together. The issue: Party A brought 35% equity into the new loan, ...
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7answers
13k views

Someone stated that my uncle died in Canada and there is money for me [duplicate]

Someone contacted me and said that someone with a similar last name died and left me a large amount of money. He gave me information and forms from a bank, and other pertinent information. I then ...
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3answers
306 views

Does “community property” apply to day-to-day finances or only during a divorce?

What is the scope of the "community property" concept? Does it have any practical meaning in the scope of day-to-day finances for a married couple or does it apply to their finances only if divorcing?...
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2answers
853 views

A person ask you for money to help with a business problem in another country, you feel is trying to scam you, but you want proof, what can you do?

At first the person spent a long time developing a relationship. Then one day he started to talk about the company he works for. He had a mix up on supplies and due to this error, the company lost ...
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7answers
12k views

Selling a property - multiple offers of same value?

In the U.S., when selling a residential property, is there a rule or law regarding how to handle multiple offers of the exact same monetary amount? Is this the kind of thing that would vary state-by-...
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1answer
334 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 ...
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1answer
101 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 ...
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1answer
78 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 ...
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2answers
107 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 ...
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1answer
226 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 ...
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4answers
366 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 ...
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3answers
7k 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 ...