Questions tagged [legal]

Questions around financial laws and legal systems.

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0answers
38 views

Is me sending some Bitcoin to a Tor service a transaction? Or only when I buy something with those Bitcoin from the Tor service?

I've started recording all my money transactions, be them fiat or Bitcoin. Now I wonder how to record the following situation: I have an existing 0.05 BTC in my Bitcoin Core wallet running on my ...
26
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3answers
9k views

Would simplistic date / amount / description bookkeeping “cut it” legally?

I've read many articles and texts over the years about running companies and personal finances. Every time, I sink down in my chair, mentally exhausted from the utterly confusing, cryptic material I'...
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1answer
165 views

Can you legally keep topping up a pre-paid card with a credit card on a monthly basis to borrow money while earning points?

Having 2 credit cards, one of which is pre-paid, can someone keep topping up the pre-paid card with the other on a monthly basis therefore earning points? I am asking because in this way you can ...
-1
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2answers
250 views

Can my wife use “my” money to invest and report the gains as her income?

I've looked into this quite a bit and haven't found any red flags as to why this would be a legal/tax issue, but I wanted to post the question here to see if the community might help me recognize ...
2
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1answer
377 views

My mom coerced me into giving her all my paychecks

I'm currently 19 for some background...(in aurora Colorado) My mom is a single mom raising me even though my father and her are technically still married. She made me get a job when I was 16 which I ...
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0answers
157 views

My trading platform adjusted the minimum trade size according to my balance. Is this legal?

I started trading in a platform. When my balance was small, the gap between buy and sell (the spread) was tiny. When I added more funds, the minimum I could buy tripled and the spread increased to ...
2
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0answers
174 views

Do money transfer companies have a LEGITIMATE need for a passport copy

Money transfer service Azimo asks for a copy of my passport. I sent it, after having written 'copy' on it, for security reasons. My transfer then was rejected, because 'We weren’t able to verify your ...
28
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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
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0answers
69 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
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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 ...
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0answers
125 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/...
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2answers
142 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
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1answer
647 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
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0answers
137 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
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1answer
106 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
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1answer
227 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 ...
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0answers
84 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
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1answer
1k 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
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3answers
887 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 ...
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1answer
94 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
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1answer
185 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
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4answers
351 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
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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
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1answer
115 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
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3answers
948 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 ...
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5answers
230 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
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1answer
235 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
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2answers
95 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
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2answers
223 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
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4answers
11k 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 (...
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0answers
162 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
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0answers
229 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
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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
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0answers
435 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 ...
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0answers
31 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
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1answer
137 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
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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
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3answers
10k 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
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1answer
244 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
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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
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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
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12answers
40k 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
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2answers
305 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
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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
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3answers
743 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
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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
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2answers
446 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
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1answer
74 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
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1answer
139 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
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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 ...