Questions tagged [legal]

Questions around financial laws and legal systems.

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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 ...
adyavanapalli's user avatar
4 votes
2 answers
702 views

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 ...
Tired Of Trading's user avatar
4 votes
1 answer
586 views

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)....
justbeez's user avatar
  • 143
7 votes
2 answers
1k views

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 ...
magnetar's user avatar
  • 204
190 votes
6 answers
44k views

Found a heap of BTC but have no documentation. What do I do?

Many years ago, I bought around 400 BTC for a few hundred dollars (?) and stored them in a hard drive. Shortly after that, I lost this hard drive, wrote it off as an "Oh well" and didn't think ...
SomeGuy's user avatar
  • 1,699
3 votes
1 answer
646 views

Is IQ Options trading on companies like Apple or Facebook Illegal in India?

I'm asking this question because, I know that FOREX Trading in India is not legal, so is it legal if we trade options on companies like Apple or Facebook using IQ Options or Expert Options or ...
Jeff's user avatar
  • 33
1 vote
1 answer
554 views

Is it legal to invest in foreign startups as a non-accredited investor?

If a US person doesn't qualify as an accredited investor. Can he/she still invest in foreign startups (early stage companies based outside the US)?
David Lopez's user avatar
1 vote
1 answer
167 views

Mortgage documents vs Credit report: am I mortgage-less now?

I live in Chicago IL area, and had some issues with paying my mortgage over the past 2 & 1/2 years. The original mortgage company ended up selling to another company after I filed chapter 7 ...
derick's user avatar
  • 11
9 votes
3 answers
6k views

Should I be worried that I won't be given a receipt if I pay with cash?

I'm getting an aftermarket accessory installed on my car by an individual. The person has actually been recommended to me by a big dealership in my area and this person seems to be pretty reputable ...
Programmer's user avatar
1 vote
1 answer
4k views

Is there a problem with withdrawing large amounts at a bank? Australia

If I want to withdraw $50,000 out of my bank. I know i'll be met with some suspicion at the bank and that they'll have to file reports. What are the symptoms of doing this in Australia. Will I enter ...
mateos's user avatar
  • 273
2 votes
1 answer
238 views

Is lemonade insurance a de-facto mutual insurance company? [closed]

Lemonade insurance is a startup that markets itself as the first P2P insurance company, which totally eliminates the need of brokerage service. Are they (and a general P2P insurance organization) a de-...
Ryan's user avatar
  • 143
-3 votes
1 answer
203 views

What are my options if an investment that is too good to be true goes bad?

I am pondering on whether I should pursue this investment. I have a guy who wants me to invest only $1,000 dollars with a contract that I'm guaranteed 600% ($6,000) the same year, no questions asked. ...
user avatar
3 votes
1 answer
115 views

When can a pension provider demand reconfirmation of identity?

I've been paying into the same UK pension policy regularly for about ten years. All of a sudden, the pension provider is returning this year's payments and refusing to accept further payments. They ...
Psychonaut's user avatar
5 votes
1 answer
518 views

Can a company control its stock through contracts with stockholders?

A question yesterday, Can a company refuse to sell stock?, had asked about if a company could prevent sale of its stock to certain parties. The accepted answer was that, no, a company can't put ...
Nat's user avatar
  • 346
0 votes
2 answers
189 views

Can I force non-payment on a pre-authorization hold by closing account?

I was just thinking back to an episode of Silicon Valley, just hear me out, where Gilfoyle tells Dinesh he can close his bank account to avoid having the donation platform collect the $5,000 he doesn'...
Domemy's user avatar
  • 35
63 votes
5 answers
21k views

Can a company block a specific person from buying its stock?

Say there is a very rich, very unpopular individual. This individual wishes to buy millions of dollars in stock in a company he or she thinks will be successful. The company, however, realizes that by ...
WannabeCoder's user avatar
  • 2,055
0 votes
1 answer
115 views

What are the losses when a foreclosure occurs on an investment property in the black?

If the apparent market value of the investment property is above the mortgage balance and a foreclosure occurs, it is clear that the legal expenses and late fees are something that the mortgagee must ...
FauChristian's user avatar
7 votes
2 answers
411 views

Employer reneging on 401k matching

Our employer enforces mandatory withholding in the 401k plan every payday, which appears to be done correctly and timely. As per our benefits contract, the employer is supposed to match our ...
ted's user avatar
  • 71
29 votes
4 answers
19k views

Can a company charge you for services never requested or received?

My partner and I have recently moved into our new home and as expected have received a number of letters from companies for the previous occupants. This latest "Letter" (I say letter but It was a ...
Karm's user avatar
  • 415
2 votes
1 answer
216 views

Gratuity Payment Cheque Dishonored (Account frozen - demonetization drive) - Should I hand it back before i get another one?

So, I moved out of this organization (will not reveal the name yet) a month and half ago. I got the gratuity payment cheque within three weeks. I held on to it for another two weeks and then deposited ...
Viral Patel's user avatar
3 votes
1 answer
2k views

Legal right to ask for someone bank records UK

My mother is involved in a dispute with her recently deceased partners daughter, who is demanding to see records of the joint bank account she held with her partner. My mother acted as her partner's ...
Lee Far Out East's user avatar
0 votes
1 answer
3k views

Can I use a foreign travel card to make an online transaction from India to a website hosted in the US?

I have a foreign travel card valid for paying in the US from Thomas Cook. I'm an Indian citizen and currently in India. I want to make an online payment via a website hosted in the US. Is this ...
adrija's user avatar
  • 163
2 votes
3 answers
168 views

Debt Collectors - Is an e-mail just as good?

As I have indicated in a former question, I have set a goal to become financially stable by eliminating my debt and rebuilding my credit. I have worked out a timeline and can easily pay things back as ...
jaichele's user avatar
  • 153
1 vote
1 answer
112 views

Solicitation of a Security

Question on solicitation of securities for a mother & son in a joint account. All activity historically had been done through mother, and then when son became older the responsibility was through ...
Chuck's user avatar
  • 11
8 votes
3 answers
36k views

Is Stock Trading legal for a student on F-1 Visa in USA? [duplicate]

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've found some posts on quora that say Trading is completely legal, but should not ...
Aditya Vikas Devarapalli's user avatar
62 votes
4 answers
17k views

Closed account, haven't received payment. When has the bank "stolen" my money?

Background I closed a checking account over 40 days ago at a large national bank in the US. I was told I would receive a check for the remainder (>$1000) in one to two weeks. I still have not ...
Jack's user avatar
  • 693
1 vote
1 answer
2k views

Can two or more people own 1 stock in the US?

How does joint stock ownership work in the US? Can multiple people own one stock? Can someone link me to legislation about this?
morgan's user avatar
  • 11
2 votes
1 answer
914 views

Moving to Europe, savings in the US, alien both in Europe and the US, trying to maximize exchange rates

This question has several parts, but the underlying story is the following: I currently live in the US, I am moving to Europe (specifically, France) in a couple of months, for at least two years. I ...
DBC's user avatar
  • 21
1 vote
1 answer
1k views

How much does it cost for a eviction lawsuit in Mumbai?

I have a tenant who is refusing to leave. He has not paid any rent. How much will it cost to evict this tenant? How much can i expect an attorney to charge me for court proceedings and how much will ...
Dude's user avatar
  • 57
1 vote
1 answer
96 views

What responsibility does an acquiring company have?

I am a stockholder of a company that is being acquired. The parent company has never reached out to me. What legal responsibility does the parent company have toward the shareholders of the child ...
user3795309's user avatar
1 vote
2 answers
597 views

W-4 was not updated when moving from part-time to full-time, still showed Tax-Exempt. What happens now?

Background I began at a Company in Maryland, USA as a part-time employee with an expectation of earning a full refund. Since I also received a full refund the previous year, the company HR/Accounting ...
dreamincerise's user avatar
0 votes
1 answer
62 views

Protection of sellers in public corporation under duress to sell?

going-private "transaction to acquire all of the outstanding ordinary shares not already owned by the Buyer Group" Can I refuse to sell and hold on to my share What are the protection for minority ...
user39713's user avatar
44 votes
6 answers
20k views

Can a CEO short his own company?

I'm just curious, it seems a CEO could make a lot of money by shorting a huge amount of shares on his company through a third party and then purposefully tanking the company before being fired. Surely ...
Albert Renshaw's user avatar
3 votes
2 answers
219 views

Insurance coverage for a difficult to find vehicle

How will a claim and potential lawsuit go for a vehicle which is only booked on Nada at $17k high retail, but would cost $25k - $35k or more to find a replacement in average condition/poor condition? ...
maplemale's user avatar
  • 1,541
0 votes
1 answer
213 views

Legal Obligations for Forced Direct Deposit

Are employers legally liable if they force their employees to use direct deposit and the system is hacked?
user35317's user avatar
0 votes
3 answers
506 views

Employee discount on auto sale, possible to profit from?

Assuming this is legal (California, US), can I resell a vehicle which was purchased for me with a 25% off employee discount with my money by a friend. The friend has the 25% employee discount, and is ...
Yarlo's user avatar
  • 3
4 votes
1 answer
219 views

Insider trading in another company?

Suppose that, as an insider in Company A, I become aware of an upcoming business move by Company A that will have a huge negative impact on its share price, and a similar huge positive impact on the ...
DJohnM's user avatar
  • 4,294
21 votes
3 answers
4k views

If I create software that can identify and predict insider trading, and I use that to trade, am I insider trading?

Inspired by this question, and I don't know much about insider trading beyond it. The title pretty much says it all. Let's say I make software that picks up on patterns of insider trading. (For ...
progressiveCavemen's user avatar
3 votes
1 answer
310 views

Should an independent mobile game developer incorporate a business?

The story is thus: I am on the verge of publishing my first app, but I was thinking whether I should incorporate or not. I am an accounting student, albeit in second year with a budget of $1000. I am ...
Danny Watts's user avatar
8 votes
4 answers
2k views

Co-signing a loan and having them leave the state with no contact information

I helped my now ex get into school by co-signing a loan. I have made great attempt on contacting her through friends and family. She has left the state and won't talk to me about our responsibilities. ...
Jordon's user avatar
  • 81
3 votes
5 answers
114k views

Is a digital image of a check e-mailed to someone a negotiable instrument?

Is it legal to send a personal check (from a picture of the hand written original) as an image through an email attachment? Then do they just submit the actual size printed image to their bank? Then ...
temporary man's user avatar
2 votes
1 answer
2k views

flex spending when transitioning from full time to perdiem

I am moving from a full time position with health benefits and $2500 in flex spending to a perdiem position. I gave my notice to decrease from full time to perdiem without benefits as of 7/6/15. How ...
user30007's user avatar
-1 votes
1 answer
145 views

How do I formalize a personal investment in a friend's business?

I am going to invest in a friend's business. What documents do we need to sign in order to be safe legally in the future?
M. Haseeb's user avatar
3 votes
1 answer
291 views

Does the TOS for Lendingclub mean 10% of your net worth per note or in total?

Lendingclub's TOS requires that if you do not meet other conditions, you can only invest a maximum of $2,500 but regardless of the cap, you can't purchase notes "in an amount in excess of 10% of your ...
Daniel Goldman's user avatar
32 votes
5 answers
29k views

Dry cleaners lost $160 pants, what should I do?

My local dry cleaner lost a pair of pants that go with my suit. It's only $160 but I feel like they should compensate me for the loss. So far, they have completely refused. Some of the possible ...
GeoJohn's user avatar
  • 475
8 votes
1 answer
32k views

How to get back the money that you lent someone? [closed]

I lent a friend a few hundred dollars a couple of years ago. Initially, he agreed to pay me back in a few months, but it never happened. The only evidence that I have is my check slip and also a long ...
Ari's user avatar
  • 183
1 vote
1 answer
875 views

Legal way US based Employer transfer money to India based employee

I am a software engineer, currently working for a US based company. Situation : I have got my old US employer back with me where they want me to be their employee right now (meanwhile they are ...
Alok Singh's user avatar
1 vote
1 answer
2k views

Who is legal owner of credit card, me or bank?

As far as I understand, usually with some official documents (such as Passport), the government/passport office is the one who owns it. Is the same thing is with debit/credit cards? Just theorising: ...
kenorb's user avatar
  • 1,946
5 votes
3 answers
49k views

It is legal if company asks for scans of my Credit Card?

I've made the deposit into my investment account, but company ask me for the scans (front and signed back) of my Credit Card that I used to make the deposit and send them via e-mail for verification ...
kenorb's user avatar
  • 1,946
13 votes
2 answers
810 views

When an insider discloses a stock trade are they required to execute?

Insiders and executives for public companies are required to disclose in advance their intention to make stock transactions. Upon the expiration of the waiting period are they required to execute the ...
Matthew's user avatar
  • 3,118