Questions tagged [legal]
Questions around financial laws and legal systems.
184
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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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0
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134
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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 ...
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I fell for the sugar daddy 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 ...
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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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1
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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 ...
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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 ...
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4
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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 ...
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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 ...
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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 ...
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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 ...
- 1,237
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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 ...
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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 ...
- 143
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152
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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 ...
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701
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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 ...
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31
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4
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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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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 ...
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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 ...
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28
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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 ...
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756
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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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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 ...
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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 ...
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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 ...
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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 ...
- 153
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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 ...
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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 ...
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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 ...
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81
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12
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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 $...
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451
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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?
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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 ...
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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 ...
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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 ...
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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 ...
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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?
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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"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 ...
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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 ...
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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 ...
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Buying cryptocurrency for a friend at exchange
Registering and buying currency (bitcoin) at an exchange is not a smooth experience for most. If I am registered at an exchange, can I buy for people (friends and family)?
I think it might involve ...
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Is this a viable business plan to secure me real estate?
I'm asking here if this is a viable/likely option for me. To put it shortly, I don't make enough money to put a down payment on any house. I am looking for a silent investor who is willing to agree to ...
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How do I research if my student loan company is doing something illegal?
I have a federally subsidized loan (US), which was put into forbearance in March of this year. I didn't notice, because it is an auto pay account, but, I'm not in school and did not request any ...
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Can landlord/property change unit after approval and payment of fees?
My boyfriend and I are currently in the process of moving across the country, about 650 miles. On September 2nd we visited a property in the area we will be moving to and we really liked it. After ...
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Can I pay a loan under someone else's name? (assume the dispenser of the loan is malicious)
I bought a car last year (well, my dad bought it), and the loan (for the full amount) was dispensed under his name by Toyota Financial Services (TFS). Anyway, TFS allows you to create an account as ...
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U.S. sanctions against citizens from countries under U.S. sanctions [closed]
Preface: It is a known fact that because of Russia taking over Crimea, Iran with their nuclear program and North Korea with their crazy missile plans, the United States Government has placed several ...
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Can my former employer reimburse my FSA expense due to their error?
Ok, so this is a bit convoluted. To be clear, this is not a "use it or lose it" question, nor is it a question of overspending contributed amounts before leaving (I'm well aware of how all that works)....
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Is it legal to charge others a fee if I handle their money for them unlicensed?
Let's say that a friend or two wants to give me x amount of dollars and asks me to invest in things. I charge them a fee or percentage even though I have no license to be a financial advisor or ...
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