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.

Filter by
Sorted by
Tagged with
0 votes
1 answer
48 views

What specific services, if any, is a bank required to offer to call themselves a bank in the United States?

Someone close to me operates a small business, and has been doing their banking through a relatively young fintech startup which advertises "full-stack business banking". Recently, with only ...
user avatar
1 vote
1 answer
70 views

Can a company legally hold back on a buyback until after providing a poor earnings report?

Related and sort of a follow-up to Can a company legally depress their stock price in order to supercharge their buyback program? Let's say a company has a share buyback plan in progress. They know ...
user avatar
  • 2,586
1 vote
1 answer
170 views

Violating bank policy by not disclosing brokerage account and short selling

I live in U.S and work as a software developer (back office) at an investment bank. I don't have those series 63 license that needed to be registered with Finra, and my work is nothing at all ...
user avatar
  • 11
0 votes
2 answers
103 views

What kind of work/income is doable for one with social ineptitude but not qualifying for disability benefits?

Say someone has like autism or just social issues, but their specific case is not enough to qualify them for benefits. What is the alternative? If no one gives you money but you can't steadily make it ...
user avatar
-1 votes
1 answer
96 views

Are businesses required to pay more than a specified minimum wage in respect to each job title in US? [closed]

Are there any laws about the businesses that mandates them to pay at least a minimum specified wage to their employees? I mean something like: A CEO should at least has $5k/month, or an engineer ...
user avatar
  • 135
28 votes
5 answers
11k views

Can I create an LLC to put my assets into it in case I am personally sued

This is kind of the reverse of what typically people do. Typically an LLC is created to protect the owner's assets if the LLC is sued. I'm looking at it in the reverse order. If I put my money into ...
user avatar
  • 381
1 vote
1 answer
79 views

Probate in Pennsylvania

My husband and I have named our daughter as beneficiary to all our financial accounts. After our death will she be able to get the money without probate? We live in Pennsylvania. Thanks.
user avatar
0 votes
0 answers
108 views

How to Get Out of Time Share [duplicate]

One of my friend bought a time share (in the Las Vegas of Midwest) about 5 years ago. He has barely used it since then. And recently he had some hard time with some financial troubles and death in the ...
user avatar
0 votes
0 answers
22 views

Do I have to pay GST for online micro works like surveys and providing AI training data etc.?

I got my GST number for ecommerce business last month but I haven't started selling yet and hence made no sales yet but I also do some online micro works like surveys and provide AI training data from ...
user avatar
0 votes
1 answer
257 views

What is the best way to collect money from friend who owes me some money

I have this person who tries to run away from me and not paying me back as he promised. Since this is not my area and never involved something like this, don't know what to do. Please advise me some ...
user avatar
0 votes
2 answers
316 views

When I send money to fund my account, what obliges a broker to put it in my account?

When I send money to fund my brokerage account, I send the money to a bank account which I can't know if it's personal or business. What obliges a broker (which we deal with him on the basis of trust ...
user avatar
  • 841
0 votes
1 answer
56 views

How do Employees/Directors represent companies as agents, as regards events involving financial transactions?

How might one perform financial actions which companies as entities aren't allowed to perform, but for which they can be represented by a director or employee? For example, I understand that venture ...
user avatar
-1 votes
1 answer
201 views

Pros and Cons of getting around Pattern Day Trader (PDT) rules

I have done some trading in my time, and I wondered how to get around the Pattern Day Trader (PDT) rules (this does not directly relate to me because I prefer swing or long-term investing.) I have ...
user avatar
  • 55
1 vote
0 answers
92 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 ...
user avatar
  • 164
2 votes
1 answer
148 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 ...
user avatar
1 vote
3 answers
205 views

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 ...
user avatar
2 votes
1 answer
185 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 ...
user avatar
  • 5,320
15 votes
1 answer
1k 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 ...
user avatar
1 vote
1 answer
118 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 ...
user avatar
15 votes
3 answers
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 ...
user avatar
1 vote
1 answer
164 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 ...
user avatar
  • 11
11 votes
1 answer
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?
user avatar
  • 137
1 vote
1 answer
275 views

Can a company legally depress their stock price in order to supercharge their buyback program?

Let's say a company thinks their stock is undervalued. So they start a share buyback program. Before they actually start buying, they tell the world that the company is in trouble and going to lose ...
user avatar
  • 2,586
1 vote
1 answer
133 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 ...
user avatar
3 votes
2 answers
90 views

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 ...
user avatar
  • 131
1 vote
0 answers
54 views

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. ...
user avatar
  • 215
1 vote
2 answers
1k 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 ...
user avatar
0 votes
1 answer
77 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 ...
user avatar
  • 9,306
3 votes
1 answer
131 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 ...
user avatar
8 votes
1 answer
147 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 ...
user avatar
  • 265
1 vote
1 answer
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 ...
user avatar
1 vote
0 answers
114 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? ...
user avatar
2 votes
0 answers
54 views

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: ...
user avatar
0 votes
1 answer
171 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 ...
user avatar
6 votes
3 answers
317 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 ...
user avatar
13 votes
2 answers
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 ...
user avatar
  • 243
3 votes
3 answers
708 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 ...
user avatar
  • 4,016
5 votes
2 answers
157 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 ...
user avatar
  • 339
2 votes
1 answer
194 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 ...
user avatar
  • 21
1 vote
2 answers
278 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 ...
user avatar
1 vote
1 answer
1k 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 ...
user avatar
0 votes
1 answer
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 ...
user avatar
  • 3,529
24 votes
7 answers
9k 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 ...
user avatar
  • 349
38 votes
3 answers
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 ...
user avatar
  • 381
7 votes
2 answers
614 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) ...
user avatar
  • 3,387
2 votes
0 answers
30 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 ...
user avatar
  • 363
1 vote
1 answer
259 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 ...
user avatar
0 votes
1 answer
64 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 ...
user avatar
1 vote
0 answers
124 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 ...
user avatar
  • 6,199
3 votes
2 answers
369 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 ...
user avatar
  • 717