Questions tagged [regulation]
The regulation tag has no usage guidance.
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Finding CRD Number for Brokerage
In order to file a complaint with FINRA, there's some identification numbers they ask for. They ask for "SEC#" and/or "CRD#". CRD stands for Central Registration Depository. ...
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Transfer of shareholders for public company redomiciliation
A public company that I own stock in wants to change its domicile. I can see that ordinary shares (not referring to the DRs) of the company is listed on three exchanges in three countries, lets call ...
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Does one stock market buy order that fills through multiple executions count as one trade for PDT rule?
Scenario: you place one stock market order to buy 1000 shares. The order ends up needing multiple executions to get completely filled: 200 shares, 300 shares, 400 shares, 99 shares, and then 1 share. ...
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Yearly Reports of Swiss Publicly Traded Companies
In the US on the SEC website (https://www.sec.gov/edgar/searchedgar/companysearch) it is possible to access the filings of publicly traded companies (e.g., 10Q or 10K filings together with other ...
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When were KYC questions introduced in the EU?
The Wikipedia page on KYC doesn't provide that information. I believe it happened a few years after 9/11 so it is hard to google — all results I get are much more recent.
Specifically, I am interested ...
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What specific services, if any, is a bank required to offer to call themselves a bank in the United States?
Someone close to me operates a small business, and has been doing their banking through a relatively young fintech startup which advertises "full-stack business banking". Recently, with only ...
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Does the SEC require an announcement of hostile takeovers?
Elon Musk bought 9% (or so) of Twitter. Apparently he failed to make some sort of disclosure, which he is being sued for
Musk started buying Twitter stock in January and acquired more than 5 percent ...
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Margin Trading Questions (Reg T, Scaling in, Deposits)`
I'm researching how to effectively trade on margin and I'm having trouble visualizing some scenarios and I haven't been able to find anything online so any help would be greatly appreciated.
Here are ...
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How should people trust an online store?
As I understood and experienced in the US, when we want to buy something online, the online store website asks for complete name, card number, expiration date and even the security code(CVV) on the ...
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Who Regulates Payment Processors Like Stripe in the United States?
So, in the United States there's a bunch of financial regulators. The DoJ regulates everyone by default, but there are also plenty of more specialized orgs like the SEC, CFTC, FDIC, LGBT, and OCC. ...
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What happens after SEC revokes the registration of a stock?
Looking at United Development FUnding Income Fund IV (which was a listed REIT on Nasdaq which subsequently traded OTC):
This security had its registration revoked by SEC on 2020.08.13,
according to ...
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May U.S. Companies Simultaneously Issue Stock Domestically and Abroad?
According to the SEC webpage on International Investing, "Some foreign companies list their securities in multiple markets, which may include U.S. markets." The example given regards ...
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Rule 144a and Publicly Traded Companies
Suppose you exercise an employee stock option and receive 100 Class A shares. Class A shares are publicly traded on the NASDAQ. Do you have to follow Rule 144?
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How can crypto exchanges avoid sending a 1099-B?
A friend of mine is looking to trade crptocurrencies and I subsequently warned him that he'll have to keep careful track of all of his transactions throughout the year because he would have a lot of ...
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What are the consequences of heavily regulating shorting? [closed]
The GME short squeeze was very interesting for me as a newbie trader because it had unexpected effects despite not holding that position:
some platforms forbid their user to buy some stocks or ...
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What are the trading restrictions, if any, when investing within my Health Savings Account (HSA)?
I wonder whether there any trading restrictions when investing within my Health Savings Account (HSA).
https://www.loyola.edu/-/media/department/hr/documents/benefits/health-wellness/medical/hsa-...
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Why can't you get a loan against your IRA?
I'm trying to borrow against my IRA but for personal reasons rather than one of the 8-9 approved reasons. Does anyone know why it's prohibited? Is there any way around this?
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Portfolio margin account overnight leverage
I know for a regular margin account, the requirements of Regulation T generally limit leverage on equity to 2:1, which means SMA has to be positive for overnight.
How about a portfolio margin account? ...
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Is it possible to violate SEC rules within a retail brokerage account?
I am a small buy-and-hold investor. I recently asked a question about pump and dump scams: Will I be investigated if I regularly profit from pump and dump scams? One interesting comment by user @Steve-...
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After an acquisition, are public firms compelled to report their quarterly performance immediately?
Recently, the company Fastly Inc (NYSE: FSLY) reported preliminary results for their 3rd quarter.
On their official website, they made the following statement:
SAN FRANCISCO--(BUSINESS WIRE)-- Fastly,...
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Will I be investigated if I regularly profit from pump and dump scams?
Suppose I regularly profit from other people's pump and dump scams (assume that this is possible). I don't organize these scams (they are illegal); I merely hop on and hop off at the right times (...
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Do futures regulations stipulate a minimum account balance?
I opened a futures trading account at a futures brokerage that requires a $100 minimum deposit. Are these minimum deposits specified by any regulator, or is it up to each broker to set a minimum ...
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Do I get a second chance if I fail the SGX quiz?
To trade Specified Investment Products (SIPs) such futures, options and structured warrants, I need to pass the SGX quiz. What happens if I fail the quiz? Will I get a second chance? What is the ...
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Can brokers execute my OTC stock orders at inferior prices by "trading through"?
I am aware that FINRA-registered broker-dealers have to follow FINRA Rule 5310 (Best Execution and Interpositioning). But are OTC stocks (OTCQX, OTCQB, OTC Pink) subject to the Order Protection Rule ...
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How does day trading work regarding waiting for funds to clear?
So, I understand the PDT rule, needing $25k in an account to day trade, however...
If a person is day trading, don't they need to wait 3 days to use that money again?
Do they just have very large ...
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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 ...
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Which of the following satisfy the pattern day trading rule?
I have confusion about the day trading rules. From below scenario, which is pattern day trading?
I bought 1 Apple share in pre-market and sell it in the after-market hours (within same day).
I bought ...
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Calculate liquid net worth
I look at the definition and I understand the idea and concept of liquidity: It's how much cash you can pay and cover more or less immediately. I have x dollars in stocks and savings which can be ...
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Does PDT transfer with you when you switch brokerages?
Robinhood classified me as a Pattern Day Trader (PDT). If I switch to TD Ameritrade, will my 90 day ban follow me?
Worried that if I make a trade with TD Ameritrade then I try to sell it will ...
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Can a single share of stock be shorted multiple times?
Is it possible for a single share of stock to be shorted multiple times?
Concrete example:
Imagine we have five people with the following motivations:
Person A owns a share of company ABC and wants to ...
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Can shares be trades outside of an exchange?
If a company's shares are listed on an exchange (NYSE or NASDAQ) is it allowed to trade them privately (i.e. one owner to another), without the trade being registered on the exchange?
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What can supersede/inhibit the Sarbanes-Oxley act?
After reading an interesting opinion piece, the regulatory oversight that we have come to expect in the post-Enron world (via Sarbanes-Oxley Act) seems somewhat jeopardized. Namely, the oversight on ...
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Invest in an US ETF or fund being a UK citizen
Is it possible to invest in a US ETF or fund being a UK citizen, without having any sort of bank or brokerage account based in the USA?
I'm not talking about these ETFs / funds that hold US assets ...
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How market regulations in different countries affect to the investment risk [closed]
There are some countries that have less market freedom than others (see Index of economic freedom by countries.
Let's take into account only developed countries (USA, EU, UK, Australia etc.).
Do ...
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Why don't American Mutual funds offer SWP's?
Indian Mutual funds have a feature called SWP [Systematic withdrawal plan]. It's a feature that enables an investor to automatically withdraw the appreciated amount or a specific amount periodically[ ...
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Why are stock options named as they are?
Why are ISO stock options termed "statutory"? Because they are defined by some sort of statute? If so, then what is the statute?
Similarly, why are ISOs termed "incentive" stock options whereas NQOs ...
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Buying and Selling options for the same stock multiple times in a day?
Is it normal that traders buy and sell options of the same stock on the same day multiple times? For example, in an event of a positive earnings release, the CALL options were bought and then sold it ...
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Why are some money market mutual funds not margin-able for 30 days?
My broker has a money market mutual fund where I can park the money when not invested, but that position does not give margin buying power for next 30 days.
Per article part shown below.
Example of ...
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Data security of financial service companies
I use non bank financial service companies such as Wealthfront and Robinhood. It's incredibly important that they manage data (such as account balance) correctly. I'd be inclined to trust major banks ...
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How to find equivalent US or Worldwide ETFs that are compliant with European PRIIPS regulations?
I used to invest in the following hyper-diversified portfolio :
+--------+--------------------------------------------------+-------------+
| ticker | Exchange-traded Fund ...
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How can one transfer registration of stock in a private transaction?
A friend wants to sell me IBM shares at a fixed price X (and no more, because of tax reasons). Since X is slightly lower than the market price, I'm happy to get the benefit of the bargain.
The friend ...
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Regulation for ETFs in the UK after the Brexit
Currently the UK is in the EU, that means that the financial products sold in the UK are under the EU regulation (UCITS).
After the UK leaves the EU, this regulation will no longer be applicable. ...
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In India, how can I verify mutual fund holdings, to prevent frauds?
Recently in India we have found out that a lot of big financial institutions have been cooking their books. And both the auditors and regulators have failed miserably and can not be trusted to do ...
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Do banks need a foreign branch to access a derivatives market (e.g.) London
I would be very interested to know whether banks (e.g. Santander, Deutsche Bank, etc.) need a foreign branch in a country (e.g. UK - London) to access the derivatives market in this country.
Would ...
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Is the Thrift Savings Plan a 401k plan, a 403b plan, a 457 plan, or none of the above?
Is the Thrift Savings Plan a 401k plan, a 403b plan, a 457 plan, or none of the above? If it is none of the above, then where are the rules and regulations of the plan defined if not in the U.S. Code?
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How to continue using the online banking feature of GnuCash (AqBanking) with PSD2 in effect?
I'm running GnuCash 2.6.19 (with AqBanking 5.7.8.0) on Ubuntu 18.04.3 LTS.
Ever since the European Commission's Revised Directive on Payment Services (PSD2) came into effect online banking with the ...
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Can you ask a bank to delete all your personal info they might still have from any closed accounts?
I have an account with a bank that I closed many years ago. I'm not sure if they still have my personal information on file or not, but is there a way to request that they purge ALL my information? ...
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Applicabilty of COBS to PRIIPs
Under FSMA 2000 and the subsequent amendments, the FCA is empowered in the UK to develop rules and guidance for authorised firms to adhere to. These are generally captured in the FCA Handbook, itself ...
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How is compliance with the Order Protection Rule (of Reg NMS) guaranteed in the face of latency?
From Investopedia:
The Order Protection Rule also established the National Best Bid and Offer (NBBO) requirement that mandates brokers to route orders to venues that offer the best displayed price.
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Is there any risk to giving a UK bank an SSN, and why do they need it?
A friend showed me a letter from The Co-operative Bank, a UK bank with which they have an account. This letter requests their US Social Security Number (SSN):
We've written to you requesting [this] ...
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