Questions tagged [legal]

Questions around financial laws and legal systems.

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2 answers
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Why would an employer not allow state reciprocity?

I let my not-for-profit employer in Virginia know I was moving to Pennsylvania, and not until AFTER I moved did they tell me it was not an approved state for reciprocity. Why would they not allow an ...
dianne anthony's user avatar
0 votes
1 answer
80 views

How do daily quitable insurances ever make money in Germany?

I am having a look at renter legal insurances in Germany refer. The Bavaria direct says I pay 11.12 euros a month to get a rental insurance, and I should, in theory, be able to get a lawyer who ...
tryst with freedom's user avatar
3 votes
1 answer
991 views

To what extent do restrictions on loans apply?

This is more just a curiosity than an actual real-world problem, but I noticed that most personal loans come with caveats like not being used for business purposes, buying property, stocks and shares, ...
Luke's user avatar
  • 163
0 votes
1 answer
116 views

Credit Union changeover

I had an account with what used to be Montgomery County Teachers Federal Credit Union and now changed over to Educational Systems Federal Credit Union, which during the changeover for some reason my ...
Shaye's user avatar
  • 1
7 votes
7 answers
6k views

Can a company with a very large valuation still be held privately?

We see many companies with extremely high valuations like Microsoft, Google, Amazon etc. All these companies are held publicly. (Although the founder might be holding a large portion of the shares; I ...
Aastik's user avatar
  • 727
-1 votes
2 answers
239 views

Do I have enough legal grounds to sue the IRS for not giving me a chance to speak with them about an audit?

Here is my story. About 9 months ago, I received a notice from the IRS that they want proof of what I reported in 2019. I received the paper work 2 weeks after the deadline to respond as I live abroad ...
Mr Monee's user avatar
  • 462
-2 votes
3 answers
465 views

Is it possible to use NFTs to trade the ownership of shares in physical companies?

I am trying to know if it is possible (or already done?) to use NFTs to trade the ownership of shares in physical companies. I have found articles on medium.com about using NFTs for real estate, but i ...
username's user avatar
2 votes
3 answers
2k views

Can stockbroker employee spy/track and copy positions of a performant custmer portfolio

Since a stockbroker can track and sort the best portfolios of its customers. Can a employee of a stockbroker spy/track and copy positions of a performant customer portfolio legally? Thanks
TGI's user avatar
  • 123
-4 votes
2 answers
485 views

Cash on Delivery SCAM Germany !!!! I NEED ADVICE?

Cash on Delivery SCAM !!!! Germany. I NEED ADVICE !!!! I purchased a Mobile phone from one person worth 1000€. We agreed on the Cash on Delivery method that he will deliver the phone through DHL COD, ...
Stephen Bey's user avatar
0 votes
0 answers
111 views

Dr. office moved my payments around and now double billing me?

I had to pre-pay for treatment until insurance kicked in; insurance totally messed up all the claims and paid where they should not have which made doctors billing dept. move my payment to other ...
Sick of Billing's user avatar
0 votes
2 answers
209 views

Potential ways to mitigate realtor's seemingly massive conflicts of interest, when buying a home

I recently tried to make an offer on a home in Pennsylvania, and after reading the contract, I noticed what seem to be several massive glaring conflict of interests for the buyer's realtor. Realtors ...
Erin B's user avatar
  • 263
0 votes
2 answers
417 views

I got a court notice from a debt collector. What do I do now?

I had some medical bills in 2018/2019. At the time, I was able to make monthly payments to the hospital, but the monthly amount was not enough for them so they sent the account to collections. The ...
Ash's user avatar
  • 3
4 votes
2 answers
627 views

Paid Cash for a car and dealer called me to return it 10 days later?

Bought a car cash from a dealer and traded in my car with a lien left over of $1100 dollars. We agreed after negotiations on buying used car for $23K and they would accept my trade for $5500 leaving $...
Bob Lewis's user avatar
0 votes
0 answers
712 views

Is COT FEE a Scam? [duplicate]

I read another question about the COT FEE Scam, but what if they're not asking you to log into their account? I was working with A Private Money Lender & was supposedly approved for a $200,000.00 ...
Karen Kelly's user avatar
27 votes
7 answers
21k views

Girlfriend took off with the car I got a loan for

I got a loan on a car from CarMax for my girlfriend. She was to make the payments but instead took off with it & I can't find her. Should I report it stolen? The insurance, loan and registration ...
Shay Tangretti's user avatar
0 votes
1 answer
70 views

As a limited partner in an LLC, can my role be considered active?

I want to stay as a passive investor in an LLC for short term rental of Real Estate Is there anything in the schedule k-1 that might make me an active member instead ? What kind of income is ok for ...
Dhruv's user avatar
  • 101
1 vote
0 answers
69 views

As a EU citizen, are there any low-effort diversification options that could protect me against inflation or a local crisis?

The recent political events in the EU and in my own country (Poland) led me to reconsider my current saving scheme and I'm looking for a low-effort way to diversify what I have in order to better ...
d33tah's user avatar
  • 197
0 votes
4 answers
240 views

Cheapest Auto Insurance - company compensates other driver in an accident only if I can't

I don't have any current (auto or home or renter's) insurance and need to rent a car for one week in Minnesota. The minimum, after tax, cost I can find is $280, but this includes no insurance (I even ...
bobuhito's user avatar
  • 502
0 votes
2 answers
540 views

Is this a loophole in my credit card policy?

I have recently applied for a new credit card that and cardholders can get 5% cash back on purchases in their top eligible spend category each billing cycle, up to the first $500 spent (then 1%). The ...
Zuriel's user avatar
  • 1,569
3 votes
3 answers
9k views

Why do some opinion pieces say "this is not financial advice"?

When I see a video about finance (especially Bitcoin), they seem to always mention: This is not financial advice. And then they give financial advice. Why do they have to say this? It really pisses ...
Lions's user avatar
  • 63
1 vote
0 answers
37 views

Fiduciary Responsibility of an RIA

I'm currently an investment advisor with my own RIA sand I was approached by a company to do live streams talking about trade ideas and investments. They charge a subscription to their viewers and I ...
bballboy8's user avatar
  • 111
1 vote
2 answers
220 views

Do corporate executives have a fiduciary duty to maximize the value returned to investors?

I have repeatedly heard that corporate executives have a fiduciary duty to maximize the value returned to investors. I have also repeatedly heard exactly the opposite: that there is no requirement ...
End Anti-Semitic Hate's user avatar
3 votes
1 answer
130 views

Can one gift surplus US income to a sibling in the UK to put into an ISA, and be re-gifted this money on their return to the UK?

Suppose a UK citizen ("Alice") moves to the US for 3 years for work. I am aware that 1) when Alice stops being a UK resident, she is no longer able to pay into UK ISAs, and 2) when she ...
zmy's user avatar
  • 31
1 vote
0 answers
97 views

Conflict of trading restrictions with having ETF and mutual funds

Many employees of public companies have trading restrictions to trade their employer's stock because they have inside knowledge. For simplicity let's assume I'm an Apple employee and only allowed to ...
Hilmar's user avatar
  • 7,697
-1 votes
1 answer
219 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 ...
mteam88's user avatar
  • 55
-1 votes
1 answer
236 views

Is it legal and possible for me to start a "tax haven" account in some distant country while still living in Sweden?

I have just realized that if I ever sell my Bitcoin for fiat, the Swedish government is going to tax 30% of it. Yes, it's "only" on the "gains", but since I primarily bought them ...
Ohs's user avatar
  • 27
0 votes
3 answers
169 views

Are there any legal restrictions on "artificially" changing the price of a stock?

I understand that stock prices change partly based on supply and demand. In theory, could you convince a large group of people to buy a large portion of the stock so that the price would "...
violetorigin's user avatar
4 votes
5 answers
1k views

What are the bounds of the enforced value of "legal tender"? [closed]

Suppose Bob and Alice are both U.S. citizens and Bob lends Alice 100 euros with 105 euros required to be paid back to Bob in exactly one month. A month later, Alice comes back with X amount of ...
wanderingmathematician's user avatar
25 votes
7 answers
10k views

Can my dad remove himself from my car loan?

I bought a new car from a dealership, and my dad agreed in front of my husband and my mother to co-sign for me. The dealership allowed me to take the paperwork out to my dad's house and have him sign ...
Kristyn Keese's user avatar
-1 votes
3 answers
215 views

Money spreading system? Is this legal? [closed]

Is it legal to tell potential givers/donors that money sent to me is to be shared then with others? For example, an incentive to receive any money at all could be the claims that money sent is then re-...
Dry Wedge's user avatar
1 vote
1 answer
184 views

Is it legal to get free advice from a friend regarding investing?

My son does not have any securities licenses but has been DESTROYING the market for almost two years. I want to start trading based on his advice. I don't need warnings about "what if you lose ...
Andrew Steitz's user avatar
1 vote
1 answer
91 views

Must Israeli citizens who do not reside in Israel pay for the nationwide Israeli healthcare system?

businessinsider.com claims that: Healthcare in Israel is universal and, by law, all citizens and permanent residents must participate in it. I find this surprising, as typically citizens who do not ...
Franck Dernoncourt's user avatar
4 votes
1 answer
676 views

Is it illegal to advertise stock tickers on billboards/social platforms/etc?

Potential answer: Is leveraging notoriety to raise stock prices illegal in the US? I'm having trouble finding an answer to this and given all the turmoil in the markets recently, I'm having a hard ...
Jacob Barnes's user avatar
1 vote
0 answers
54 views

If someone at a hedge fund reveals their firms position to someone else is it illegal to trade on or disseminate the information? [duplicate]

If someone at a hedge fund reveals the details of one of their positions to another person that doesn't work at the firm can the other person trade on, or disseminate, the information? It's not like ...
Max Phillips's user avatar
5 votes
5 answers
577 views

Paid under the table prior to putting me on the books- recently told me they're issuing a 1099 for all the income they paid

I worked for a bit over 4 months under a verbal agreement that I would be paid off the books for purposes of still collecting unemployment during the pandemic. My employer recently let me know that I'...
7654321's user avatar
  • 51
4 votes
3 answers
2k views

Legality of Bank Inactivity Fees

I hadn't been paying attention to my checking account (in which I kept a minimum balance of $1500 just to avoid a monthly "maintenance fee") for about a year. But, yesterday I logged in and ...
bobuhito's user avatar
  • 502
1 vote
1 answer
85 views

Is there any way to "certify the content" when mailing documents from France to a financial institution also located in France? [closed]

I'm having some issues with a French financial institution, which claims they are some missing pages in some forms I sent them via registered mail. While registered mail certifies the reception, it ...
Franck Dernoncourt's user avatar
1 vote
2 answers
96 views

What are the necessary and sufficient steps required in order for parents to transfer home to children while minimizing tax burden?

I'm trying to get some guidance on what steps are necessary and sufficient in order for me and my wife in order to obtain legal ownership of a property which is currently owned by a parent. We are ...
Judy007's user avatar
  • 111
0 votes
2 answers
311 views

Can you sue a mortgage bank for having drastic differences between pre-approval and actual loan offer?

I'm recently trying to acquire an investment property (a single family house) in the USA. I have self-employment income and payroll income from the same company, my wife as well, and I also have ...
user avatar
2 votes
3 answers
361 views

Question About Medical Bill Defense

So, I've been researching for a quite a bit and haven't been able to find a case or ruling that relates close to my situation. I went to a sleep specialty physician about four years ago who was ...
Ambien's user avatar
  • 29
0 votes
1 answer
276 views

What is "Nasdaq Subscriber Agreement"? What's the main content in simple English? [closed]

What is Nasdaq Subscriber Agreement? What's the main content in simple English? The document is loaded with legal terms. I wish to buy stocks and was forced to sign that document.
Sybil's user avatar
  • 688
0 votes
1 answer
99 views

Reporting a forex broker to the corresponding regulator, what else should I do?

I traded forex using two different brokers in two countries. Forex.com in USA and alfaforex.ru in Russia. What I experienced both times was unexpected position sell-outs and fake quotes: position ...
J W's user avatar
  • 101
1 vote
0 answers
103 views

Parcel stuck at customs. Further instruction should be requested from "Buyer" or from "Seller"?

I have an issue where a package is stuck at the logistic company customs offices because the seller has apparently misdeclared the content value. I am not going to pay the fine they want me to pay so ...
David's user avatar
  • 11
1 vote
0 answers
58 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 ...
Tomy's user avatar
  • 11
28 votes
4 answers
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'...
Lg Dolbier's user avatar
0 votes
1 answer
333 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 ...
Samuryte's user avatar
0 votes
2 answers
472 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 ...
Jay's user avatar
  • 11
2 votes
1 answer
732 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 ...
Hikoko4242's user avatar
0 votes
0 answers
193 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 ...
Gatsbimantico's user avatar
2 votes
0 answers
314 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 ...
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