Questions tagged [regulation]

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2
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1answer
27 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
133 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] ...
5
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1answer
102 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
56 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
132 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
49 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
428 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
135 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
77 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 ...
0
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1answer
48 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 ...
3
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1answer
93 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
31 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?
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1answer
158 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
171 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
91 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 ...
1
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1answer
162 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
71 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 ...
3
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1answer
50 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, ...
3
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1answer
112 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
274 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
186 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
474 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 ...
6
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1answer
145 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,...
5
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1answer
1k 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 ...
6
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4answers
351 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 ...
5
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1answer
533 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 ...
4
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1answer
47 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 ...
3
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2answers
1k 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 ...
2
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1answer
126 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 ...
2
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1answer
185 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% ...
3
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2answers
356 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 ...
5
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1answer
121 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 ...
3
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1answer
373 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 ...
3
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2answers
129 views

Why does it take two weeks (from ex-date) for dividends to pay out?

Example Dividend Schedule This happens for both US and Canadian listings. Is there a regulatory/historical reason for this occurrence? E.g. From my understanding, the trade settlement period exists ...
0
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1answer
67 views

What are the requirements for option trading in United States?

In the US, many brokerages require that you fulfill certain standards before they will let you trade options at various levels. These standards, from what I understand, are secret and at the ...
3
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1answer
227 views

Is there a regulatory reason that only AEX has daily options

There is a lot of press over the years about the success of daily options contracts and expirations on the AEX-index. AEX is Amsterdam's stock index, an economic indicator for the Netherlands share ...
2
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3answers
177 views

Are there any rules against penalizing consumers for requesting accurate credit reporting?

Most credit reports list a consumer's credit accounts and for each month of history on that account, an indication of account status (e.g. 0/30/60/90 days past due). Some credit reports also list the ...
3
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1answer
187 views

California tells me I didn't file documents for an LLC that isn't mine. What do I do?

I received a notice in the mail this last December from the CA Secretary of State telling me of possible delinquency for an LLC I have never heard of. It indicated that I had not submitted my LLC-12R ...
2
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1answer
90 views

When a company reports it earnings, when does the SEC EDGAR system show the report online?

I am looking at a stock right now Ascent Solar Technologies Inc which according to the Calendar of US Earnings was supposed to report their earnings before the market opened today on August 12. So I ...
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2answers
537 views

What exactly happens during a settlement period?

As I understand it, the settlement date is the date when ownership of an asset is officially transferred to a buyer. I do not understand why this is not, generally, equal to the transaction date. It ...
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1answer
129 views

Does Regulation D limit 6 transactions per account, or 6 combined?

If I have multiple savings accounts, do each account get the 6 transaction limit imposed by Regulation D, or am I limited to 6 transactions for all accounts combined?
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9answers
5k views

Is this investment opportunity problematic?

I recently got an email from a close friend of mine, that goes something like this: We're looking to sell our rental house and buy a new one. We found one we like, but the housing market is very ...
2
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1answer
137 views

Is there any guarantee that index ETF will follow reference index?

As I understand: index ETF attempts to track value of some specific index. It may be done by either really buying index (physical ETF) or by creating some arcane financial instrument that is supposed ...
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1answer
295 views

Pattern Day Trade Rule

I'm new to trading and to play around with I will open a small account with $1,500. The problem with this that I want to be a quite active trader,so I can make more profit from this small amount. But ...
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2answers
167 views

Does the “Free Ride” rule always apply to your entire collection of shares in a particular stock?

I tried my best to word this question right, so I will give an example of what I am talking about. On Monday, you buy 100 shares of Company X. On Thursday, the original purchase of 100 shares settles....
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1answer
34 views

Foreign Exchange rules INDIA

Hi I want to buy some hosting space for my website and for that I have to pay the hosting co. in dollars can anyone tell me what are the regulations and compliances I need to follow.
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1answer
49 views

How to find a business consultant that would ensure that all your business activities are legal and compliant with all regulations?

I have been helping a friend of mine who is owner of a small Beauty Salon. In the last year I have been helping her with so many legal-related things that it is taking too much of my time and I want ...
5
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3answers
912 views

Does an individual share of a stock have some kind of unique identifier?

A security has an ID like a CUSIP or an ISIN. Does an individual share of a stock have some kind of unique identifier? The sort of thing that once would've been printed on a stock certificate, back ...