Questions tagged [regulation]

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1answer
83 views

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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1answer
107 views

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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1answer
121 views

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 ...
2
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1answer
174 views

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 ...
2
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1answer
45 views

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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22 views

What are the limits for a corporation investing under US Regulation Crowdfunding rules?

When investing through US Reg CF, there are certain limits on the amount that can be invested. These limits seem based on Net Worth and Income. Examples are listed here: https://www.sec.gov/info/...
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1answer
204 views

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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1answer
39 views

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 ...
4
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1answer
173 views

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. ...
4
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1answer
80 views

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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0answers
43 views

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 ...
4
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1answer
255 views

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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3answers
1k views

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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1answer
477 views

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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0answers
24 views

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 ...
2
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1answer
75 views

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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1answer
368 views

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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1answer
167 views

What's the equivalent of the U.S. Securities and Exchange Commission in the Netherlands?

I'm looking for 10-K financial statements and I can't find the SEC.gov equivalent in the Netherlands.
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0answers
58 views

How best to comply with Regulation D of the Securities Act?

I am under the impression that there are some restrictions on raising money from outside investors for an investment fund. In particular Regulation D of the Securities Act of 1933 provides a few “...
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3answers
158 views

How do stock brokers manage to get permission from the SEC to have extended hours trading?

Robinhood managed to get 9-5PM EST trading, while Webull managed to get 5:00AM-8:00PM EST, which is much wider than Robinhood's. I wonder how they get permission and what is the limit, or it can be 24/...
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1answer
51 views

How is stockholder information shared?

Given that I received in the past invitations to annual stockholder meetings I assume my broker is sharing the required information (name and address) with the public company. I have the following ...
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5answers
455 views

Why is one person allowed to own a majority of voting rights in a publicly traded company?

I heard on Marketplace tonight that Mark Zuckerberg owns 58% of the voting rights in Facebook (not a majority of the shares, but he owns many Class B shares, which have 10 votes apiece compared to 1 ...
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3answers
147 views

Compliant investing

After saving for a couple of years, about half a year's salary has accumulated in my savings account and I now want to start investing long term in index funds, however if I open a securities account ...
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1answer
80 views

Pre-Authorized Direct Debit through online forms

This might be a cross-over between stackoverflow and money.stackexchange but I am wondering about the rules and regs of setting up a Pre-Authorized Direct Debit (PAD) through an online form. Say I ...
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1answer
50 views

Is there reporting for commodities and forex trades?

I was wondering why stock trades are required to be reported to the exchange or trade reporting facility, but why other asset types like commodities, forex etc. don't have to be reported? I couldn't ...
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1answer
113 views

How does a private entity FINRA have authority to impose fines

FINRA is a private entity per https://en.wikipedia.org/wiki/Financial_Industry_Regulatory_Authority and per http://www.finra.org/industry/disciplinary-actions and also otherwise its revenue comes from ...
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0answers
32 views

Are management teams in Canada required to report their ownership in a public company?

Are management teams of companies listed on Canadian stock exchanges required to report their shares in the company? Are they also required to report if they purchase shares on the market?
1
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1answer
582 views

How does a settlement period work if someone is a day trader?

I am trying to get into day trading stocks, however, I was wondering how this would work with settlement periods. According to this question on StackExchange, a settlement period is when both parties ...
2
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1answer
259 views

Insurance Producers and Church Tithe

Getting ready to sit for my examinations and these questions popped into my head. Curious about the nuances of illegal inducement in these circumstances. I know there are issues with gifts greater ...
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2answers
107 views

Does regulation limit on number of savings account transactions include transfers to accounts of same depositor at different bank?

The text of the restriction on withdrawals from savings accounts, found in 204.2(d)(2): The term “savings deposit” also means: A deposit or account, such as an account commonly known as a passbook ...
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2answers
630 views

Is savings account limit on number of transactions both per calendar month and per bill cycle?

The Federal Reserve's "regulation D" places a limit of six withdrawals per month from a savings account: allow no more than six transfers or withdrawals per calendar month or statement cycle of at ...
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2answers
76 views

Should retail investors study exchange rules?

The NYSE has just shy of ten-thousand rules in their rule book. That ain't exactly light reading material either. If a retail investor is an active trader on NYSE, how well should they have studied ...
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1answer
52 views

What recourse does FINRA provide?

I am contemplating bringing a complaint against a brokerage regarding an order in good standing that was not processed correctly. If FINRA does find against the broker, other than fines/sanctions, ...
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1answer
117 views

Extraterritorial USA sanctions: How to tell how exposed my EU bank is?

The USA have threatened extraterritorial financial sanctions for EU entities which do business with Iran (see the link for how it works and further resources, including relevant USA laws). The EU's ...
2
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1answer
40 views

Down Payment Requirement for a non-Permanent Resident of Canada

I am waiting for my PR under spousal sponsorship to come thru. My Canadian husband wants us to buy a condo in Port Alice and has pre qualified by adding my Social Security income in with his. Question ...
2
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2answers
298 views

Are discount brokers freely permitted to deny client orders for any exchange-listed stock or ETF?

If a "no advice" (order execution only) discount broker is a member of a major stock exchange, does that typically obligate the broker to accept client orders for all stocks, ETFs, etc. listed on the ...
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1answer
261 views

Swing Trading Roth IRA & SEC's Reg T+2 amendment?

Few resources state that swing trading Roth IRA account would be difficult due to SEC's Reg T+3 which per SEC Website is now Reg T+2 effective Sept. 5, 2017. Even prior to SEC's amendment, my ...
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2answers
553 views

Licensed and registered in Vanuatu, but not searchable

On the Topic Markets website we can find the following statement in the footer: LEGAL: Topic Markets Limited is licensed and registered in Vanuatu by the Vanuatu financial service commission under ...
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1answer
248 views

Are banks required to issue statements?

I have recently found, with increasing frequency, online banks sending me messages via e-mail or Web notifications after login that a new statement was available for my account [credit card or deposit,...
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1answer
2k views

Robinhood Reg T Call, please explain

I receive an email from Robinhood today that I do not understand. (*value's fictional but in ratio) Our records show that there wasn't a sufficient deposit or liquidation in your account ...
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4answers
393 views

What backs credit cards?

I'm admittedly a novice when it comes to finance, so this may be a stupid question... Are credit cards backed by actual money? To clarify, when I get approved for a credit card with a $10,000 ...
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1answer
688 views

In the USA, is it illegal for a group of people to agree to purchase or sell a particular stock?

I am researching this as a part of a story plot involving hundreds to thousands of people who are members of a religious organization and who have agreed to buy and sell a particular company's shares ...
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1answer
50 views

Is there's a regulator or redressal mechanism for Broker Firms

I have account with zerodha. I have made a huge loss of 80000 rupees because of zerodha's system failure. I have raised this with Zerodha, they are neither replying nor do I see any effort to ...
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2answers
2k views

Why do some options trade in 5 cent increments?

SPXU appears to not be effected by TSPP, as I see bid ask prices for penny increments. I'm not sure any other definitive way to tell without actually attempting to enter an order. However, options ...
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1answer
159 views

How can a broker support mass copytrading with a $100 investment when there is a larger account minimum for day-trading?

My understanding of the U.S. rules for day-trading is that you must have $25,000 in equity at the time you make a day-trade. Yet, a broker like eToro offers "copytrading", which mimics another ...
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1answer
189 views

Is the financial advice my elderly relative received legal/ethical?

An elderly relative (over 70) received financial advice from a regulated financial advisory company (in the UK). The service invested the money for them in several stock-market funds for a fee of 1% ...
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2answers
367 views

Is income from crypto-currencies taxed?

I'm curious to know how regulated (or unregulated) income from crypto-currencies is whether it's from mining or asset appreciation. Would you owe capital gains taxes? Is this still a very gray area in ...
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1answer
125 views

Stock sale by person living abroad

An American citizen friend of mine married a person in England some thirty years ago and has lived there ever since. A couple of years ago she inherited some Stock when her mother died. She has ...
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1answer
69 views

Regulation changes for money market IRAs limiting transfers or rollovers?

I have a money market IRA at Chase, and I recently received a letter about upcoming policy changes related to this kind of account. It noted that the changes were in response to new regulations, but ...
4
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1answer
417 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 ...