Questions tagged [legal]

Questions around financial laws and legal systems.

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28
votes
3answers
7k views

I need a title out of my name from a vehicle that my ex drive, refuses to cooperate, what can I do to resolve this?

The vehicle my ex fiance drives has the title under my name only. I have been understanding and cooperative for 10 months now. It's gotten to the point he refuses to cooperate and the last two months ...
3
votes
0answers
29 views

H1B Temporary Worker/ 1099 MISC Income

I am a H1B temporary worker in the united states at the moment. Last year, there was a pilot TV series filming in our apartment of residence which resulted in some inconvenience for me as a resident. ...
60
votes
6answers
19k views

Is it legal to photograph and test ATMs?

Some online company asked me do a job like this We have a special task for you! Our analyst department collects information regarding Bitcoin ATMs across different states and cities. In most ...
0
votes
0answers
91 views

Why does E-Trade plan to release some tax forms later than specified in IRS Publication 1220?

Why does E-Trade plan to release some tax forms later than specified in IRS Publication 1220? Example: 1099-INT is planned to be released on February 15, 2020 according to https://us.etrade.com/app/...
2
votes
2answers
141 views

Do financial institutions in the United States have a deadline to send out tax forms?

Must financial institutions in the United States abide by some deadlines to release tax forms (e.g., Forms 1099) to their customers? Or can they send them whenever they want?
1
vote
1answer
329 views

Degiro: “please select your profile”, “your securities can be lent”. Which option to choose?

When I am creating an account in Degiro (in Germany) I am exposed to these profile options (beware: the translation has been done by Google translator from German the original): Of course I am ...
1
vote
0answers
132 views

Is buying and selling stocks at the same price market manipulation?

At the end of the year, it might make sense to sell some stocks which currently are in the red to compensate gains made by other stocks for tax reasons. Usually, people only hold stocks if they are ...
1
vote
1answer
103 views

Liability for poor investment advice?

[Country is South Africa but I am also interested in this in the context of the U.S. / Europe] A good friend of mine has trusted a wealth manager with her sizeable portfolio for the last 6 years. Her ...
3
votes
1answer
221 views

Check if a financial firm/advisor is fraudulent/a scam in the UK (with an example)

I'm trying to understand the steps to follow to check if a financial firm/advisor is actually a scammer. For simplicity, lets stick to The UK. I have found that there is something called Financial ...
0
votes
0answers
80 views

Protection laws against fraud when investing in ETFs and/or index funds

I would like to understand what protection provides the law against frauds like Ponzi fraud scheme when investing in ETFs and index funds. Quick note: When I say 'fraud' I mean actual fraudulent ...
2
votes
1answer
940 views

well, I fell for the sugardaddy scam

So, long of the short. They offered to pay off my meager credit card debt. I was able to cancel all the payments but one. I called my bank and reported a fraudulent payment. It was for $211. So, am I ...
3
votes
3answers
853 views

Lease computing power to earn money - lifeinspace.org

I recently found a site - lifeinspace.org, which it exchanges our computing power for a space project to money. I got the payment, however, I am not sure about the legality of the money earned. I ...
1
vote
1answer
92 views

Declining Binding Arbitration on credit card accounts

Recently Chase was making a change to its user agreement and was automatically assuming your consent to abide by binding arbitration unless you opted out explicitly by sending them a snail mail with a ...
0
votes
1answer
178 views

Friend from China wants to hire me via contract to receive money and then distribute this money to pay his contracted employees in various countries

Going by the first contract, I'd be receiving a one-time payment of ~40k total and then divvying up and forwarding the money to 5-7 employees in different countries in Southeast Asia and Europe. Then ...
1
vote
4answers
318 views

Is it still hawala if the money is transferred via bank at the destination?

My family needs to send me approximately $3000-5000 for my expenses here in Michigan and they found a relative coming to US in coming days. They would give him cash in my country and he would carry it ...
41
votes
7answers
14k views

Is it legal to use cash pulled from a credit card to pay the monthly payment on that credit card?

I've got a buddy who is having problems with credit card debt. He had a small business go sour on him and ended up with about 35K of debt that's he struggling to keep under control while looking for ...
1
vote
1answer
114 views

Charged overdue amount but not given bill prior to this date

I've been provided with a statement of account which claims I owe an overdue amount rather than the actual amount (which I would have been charged if I had paid the account on time). The problem is ...
4
votes
3answers
684 views

Should I list all assets on my mortgage application?

I was applying for mortgage, and I understand that I need to list all my liabilities/assets. But I do not want to list all my assets, only giving sufficient information to show down payment and ...
-1
votes
5answers
229 views

Getting an auto credit history without buying a car

I’ve graduated college and got myself a pretty solid engineering job. And think it’s time for a new car. I’m looking at some of the nicer cars in the $100k range. The problem is I’ve never had a ...
4
votes
1answer
202 views

Vehicle has been broken into. Missing registration, insurance cards

My parents are currently out of town and they have left their vehicle parked on my block. We just discovered that the vehicle has been broken into. Aside from a few personal items, thieves have also ...
2
votes
2answers
90 views

Am I allowed to accept payment to my US bank account, after leaving the US? (I was on F1 visa, I have no SSN)

Am I allowed to accept payment to my US bank account, after leaving the US? (I was on F1 visa, I have no SSN, I never worked in the US) I don't even know if I'm allowed to have a bank account after ...
3
votes
2answers
192 views

What does it mean for a company to redeem its preferred stock?

What does this excerpt of legalese mean? Commencing on November 4, 2020, we may redeem, at our option, the Series A Preferred Stock, in whole or in part, at a cash redemption price of $25.00 ...
32
votes
4answers
10k views

Transfer over $10k

I recently realized that most of my money is going into my checking account where it's just sitting there losing value due to inflation, etc. I want to open a savings account at a different bank (...
0
votes
0answers
158 views

Merchant Requesting Sensitive information to validate credit card

I'm trying to subscribe to a cloud service and they are requesting a lot of information. Is there a limit to the information a merchant can legally request in order to let you use a credit card? They ...
2
votes
0answers
218 views

My Account was used to commit fraud

I started dating Sven at the end 2016, I had just been divorced. He left for Congo in December 2016 and returned in December 2018. Upon his return, he advised that he needed a card where he can ...
28
votes
3answers
8k views

Accountant/ lawyer will not return my call

I have an accountant who is also a lawyer who did my taxes for about 7 years. I received a notice from the IRS for the years that he filed the taxes saying that I owed $5,000. I sent him the notice ...
0
votes
0answers
343 views

Transferwise regulated by RBI India

According to RBI FEMA Act Section 10, only authorized person or company could transfer Forex from India. I have checked the website of Transferwise and can't find any information on this. How can I ...
1
vote
0answers
30 views

I’m a low income non resident alien which don’t fill United States Tax returns. Can I claim to get an ITIN under French tax treaty?

Let’s be clear. I’m not concerned by any disposition for the tax treaty nor I can file a tax return and the real purpose is to open a bank account. But I far I understand, if I claim a benefit of the ...
1
vote
1answer
110 views

Where is public stock ownership legally registered and how can it be transferred (ignoring brokers) [closed]

(If required, answers may assume I am asking about the situation in the US) Where does stock ownership ultimately mean if we ignore middle men like brokers. Does the company itself keep a record of ...
0
votes
1answer
118 views

Is it a legal requirement for a shop owner in India to give me a receipt if I purchased something in their shop?

Is it a legal requirement for a shop owner in India to give me a receipt if I purchased something in their shop? I'm asking as I purchased a SIM card in a shop of one of the main phone operators in ...
2
votes
3answers
9k views

Obligations if an ATM dispenses too much money

I used an ATM to withdraw a certain sum of money from my bank account. The transaction processed as normal, but the cash dispensed was $20 greater than I had asked for. The machine gave me a receipt ...
3
votes
1answer
242 views

What paperwork is needed when receiving salary through the cryptocurrencies?

Supposedly I got a short-term software engineering remote contract which was agreed to be paid by the cryptocurrencies or tokens on the task-basis (e.g. receiving a certain amount of EOS tokens for ...
3
votes
2answers
280 views

How can I give 10% of equity in a company that does not exist yet?

I am a web developer working on a business idea and "hired" someone to do all the designs for me. The designer I hired has an LLC, we both made a verbal agreement that the design work will be done in ...
68
votes
11answers
38k views

Rent cheque was stolen from landlord - am I obligated to pay again?

I live in Quebec, and my rent cheque was stolen from my landlord as they travelled to the bank to deposit it. They've asked me to stop payment on the cheque, and provide them with a new one. The ...
81
votes
12answers
39k views

A friend asks me all the time to pick up money for her (Western Union, Moneygram)

A friend of mine trades Bitcoin and often asks me to pick up money for her, i.e., someone sends money to me (on my name) and I just pick it up and give it to my friend. The amounts are usually around $...
0
votes
2answers
278 views

Loan default and its effect on the outcome of visa application

In 1997, I took a 5000 GBP loan and was not able to repay. In 1998, I left the UK. Will this loan be erased from my identity? Will I be able to get a UK visa again?
3
votes
3answers
169 views

Being resident (and paying taxes) in Italy, can I absolutely freely choose any online trading platform?

I would like to begin trading online but, as a total beginner, I have the most stupid doubts. Given the huge amount of brokerage platforms accessible online, I don't know how to figure out how to ...
5
votes
3answers
693 views

Is it insider trading if you use internal knowledge to profit from third-party stocks/investments?

To give some examples of what I have in mind: Let's say a high-level manager at Tesla finds out they're planning to build drones using newly developed batteries that would be a huge leap compared to ...
26
votes
2answers
6k views

How far removed from source does one need to be to avoid Insider Trading?

As I tried to research and ponder this question, I couldn't help but wonder: How many steps (i.e., persons) removed does one need to be from a source of material/non-public information regarding a ...
5
votes
2answers
434 views

Can you legally invest (i.e. avoid Insider Trading) when you know insider employees?

I have a family member ("Sue") that works for "Company A", which is currently working for another company ("Company B"). Me > Sue > Company A > Company B I know nothing about company B except their ...
4
votes
1answer
73 views

Legality of Providing Online Stock Advice, as a Shareholder

Is it illegal to provide stock tips on online forums, if you are also investing or have invested in the same stocks?
3
votes
1answer
127 views

Can lenders legally reopen accounts without permission from all parties?

I recently closed a credit card account that I possessed with an ex-spouse. My concern is that the aforementioned ex will have the ability to reopen the account with my name still on it. Note: We ...
7
votes
1answer
2k views

Collections calling thanks to BioLife. Is this a scam?

My father just received a phone call from collections saying he owes $650 for a product he purchased in 2015. We thought it was a scam call at first but they seemed to have his personal information ...
5
votes
1answer
252 views

Finding problems with house after purchase

We recently bought a house in Nebraska, USA. I am British and this was my first experience of the US home buying process (and I hope my last!). I am hoping for some guidance as to whether either the ...
10
votes
1answer
3k views

Can a 15 year old finance something? [duplicate]

I would like to get a laptop, mainly to use in school and extracurriculars. While I can save up with my job, it would be much easier to finance the laptop instead, since I'm saving up for other things ...
3
votes
1answer
3k views

Is buying and selling Bitcoin (and other cryptocurrency) legal for a student on F-1 Visa doing OPT in USA?

I know that trading stocks is allowed for F-1 students in the US as long as income/losses are reported when taxes are done. (Is Stock Trading legal for a student on F-1 Visa in USA?) How about buying ...
2
votes
2answers
987 views

Is Stock Trading legal for a student on F-1 Visa doing CPT in USA?

I'm an international student in US on F1 Visa. I just want to know if how legal is trading stocks on my visa status.I am doing CPT and will be trading with bitcoins. I've found some posts on quora ...
2
votes
1answer
460 views

“Convertible -debt/note/bond/debentures” which of these are the same or different?

i came across "convertible debentures" when reading a file for a public company. i didn't know what this term meant, so i went to look it up.. but then became more confused. there are sites that say ...
5
votes
3answers
360 views

Is it totally legal to refuse the payment of mature commercial paper debt?

I was reading up about commercial paper on investopedia. It says that commercial paper is a form of short-term unsecured debt. It then goes on to say that Commercial paper is not usually backed ...
5
votes
1answer
391 views

What actions 'encumber' shares?

Reading through a shareholder agreement, I encountered the following section: Encumbering shares Subject to a special resolution of the shareholders to the contrary, no shareholder shall ...