Questions tagged [regulation]

The tag has no usage guidance.

Filter by
Sorted by
Tagged with
39 votes
3 answers
64k views

My credit card company is asking for my current income citing "Federal Regulations"

So I received an e-mail today from a bank from whom I have an existing credit card as follows: To consider you for a future credit line increase, federal regulations require us to have your ...
JohnFx's user avatar
  • 53k
30 votes
5 answers
229k views

Is there a limit on the dollar amount of a personal check?

Is there a limit on the dollar amount of a personal check?
user avatar
21 votes
9 answers
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 ...
Mason Wheeler's user avatar
17 votes
3 answers
6k views

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 ...
Cowthulhu's user avatar
  • 151
16 votes
5 answers
4k views

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-...
Flux's user avatar
  • 17k
15 votes
4 answers
12k views

Why can't I short a stock that sells for less than $5? Is there another way to "go short" on them?

I don't like satellite radio as a business and I want to short Sirius (SIRI). The stock sells for less than $5, so my broker won't let me short it. Is this a limitation of my broker? Or some SEC ...
John Shedletsky's user avatar
9 votes
3 answers
12k views

Is there a rule that a merchant must identify themself when making a charge

Recently I sent several credit card payments online. The company that charged my card is a multi-billion dollar company, so not just a small start-up. However on the statements the charges appeared as ...
Mike's user avatar
  • 369
9 votes
3 answers
2k 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 ...
shoyu's user avatar
  • 691
8 votes
3 answers
3k 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 ...
Toph's user avatar
  • 191
7 votes
1 answer
6k views

What scrutiny to expect if making large purchase with physical cash? [duplicate]

I tried googling this but most answers that came up were regarding "cash" as bank deposits that a check is normally issued against. Not "cash-cash" or physical cash, as a bunch of bank notes. Say ...
amphibient's user avatar
  • 1,047
6 votes
2 answers
1k 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 ...
Jake's user avatar
  • 309
6 votes
1 answer
908 views

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 (...
Flux's user avatar
  • 17k
6 votes
4 answers
560 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 ...
Andrew's user avatar
  • 171
6 votes
1 answer
571 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,...
WBT's user avatar
  • 2,905
5 votes
6 answers
6k views

Is there a law or regulation that governs the maximum allowable interest amount that can be charged on credit cards or in agreements where credit is extended?

When I worked in the corporate world, I remember dealing with a company from the U.K. who cited a U.K. regulation on maximum interest/finance charges that necessitated a change in their contract. ...
Nat_Rea's user avatar
  • 8,683
5 votes
1 answer
597 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.
Coo's user avatar
  • 157
5 votes
1 answer
522 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
5 votes
1 answer
128 views

What effect will the financial reform bill have on everyday Americans?

It looks like Congress made substantial progress towards passing the Financial Reform Bill today, but I really know very little about what is actually in it, and what I do know seems very complex. ...
JohnFx's user avatar
  • 53k
5 votes
1 answer
5k 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 ...
Dustin's user avatar
  • 741
5 votes
1 answer
191 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 ...
peter Clarke's user avatar
5 votes
1 answer
453 views

When entering a Futures contract, must the margin deposit be idle or can I profit from it?

Let's say I am trading in a Reg-T Margin account. When entering a Futures contract, a certain amount of cash is needed as collateral (usually 5%-15%). I'd like to see that collateral generate income ...
Joseph Tanenbaum's user avatar
5 votes
1 answer
105 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 ...
user91702's user avatar
4 votes
5 answers
287 views

Is the no surcharge rule universal with regard to credit card purchases?

I am referring to this question. My situation is similar, except that I am in Malaysia rather than US. In US it is understood that it's part of their merchant agreement that they can not ...
Graviton's user avatar
  • 819
4 votes
1 answer
1k 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?
MrSnrub's user avatar
  • 153
4 votes
2 answers
461 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 ...
Inti's user avatar
  • 235
4 votes
1 answer
193 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. ...
Martel's user avatar
  • 1,281
4 votes
1 answer
8k 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 ...
Ronnie's user avatar
  • 195
4 votes
1 answer
209 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 ...
Ryan Mortensen's user avatar
4 votes
1 answer
523 views

Why aren't Paypal donations allowed in some parts of Europe?

I know that Paypal donations aren't available for Croatia, and maybe some other parts of Europe, but I always wondered why is it that way? Are there some legal issues or what? I'd really like to know ...
Jinx's user avatar
  • 235
4 votes
1 answer
57 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 ...
Kiran234567's user avatar
3 votes
2 answers
7k 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 ...
AaronLS's user avatar
  • 341
3 votes
1 answer
155 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 ...
Neil's user avatar
  • 1,065
3 votes
1 answer
68 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, ...
paulj's user avatar
  • 1,157
3 votes
2 answers
166 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 ...
Robert Tan's user avatar
3 votes
1 answer
290 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 ...
Nukesub's user avatar
  • 133
3 votes
1 answer
258 views

Does the current Dodd-Frank Act ban speculation in OTC swaps?

Does the current version of the Dodd-Frank Act ban speculative positions in non-exchange cleared (OTC) swaps? It does not refer to any specific type of swap, but my current understanding of the bill ...
Matt Phillips's user avatar
3 votes
2 answers
3k 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 of ...
Raj's user avatar
  • 3,492
3 votes
2 answers
538 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 ...
CQM's user avatar
  • 20.2k
3 votes
1 answer
133 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. ...
user12173's user avatar
  • 141
3 votes
1 answer
381 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 ...
Mathguy0914's user avatar
3 votes
1 answer
194 views

How to tell how exposed to extraterritorial USA sanctions 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 ...
Nemo's user avatar
  • 158
3 votes
1 answer
141 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?
Kevin Herrera's user avatar
3 votes
0 answers
84 views

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 ...
Machavity's user avatar
  • 2,344
3 votes
1 answer
50 views

What is the added advantage of a broker being a member of NFA in addition to IIROC

If my broker is a member of the national futures association, what extra protection does it give me over the fact that it is also a member of IIROC? I am particularly referring to this: http://www....
Victor123's user avatar
  • 16k
3 votes
3 answers
156 views

Should the price of fuel in Australia at this point be so high?

Checking the government websites (Australia) regarding the fuel prices and what influences them: International benchmark prices Taxes Other costs and margins Additionally there is this strange ...
o4tlulz's user avatar
  • 131
2 votes
2 answers
1k views

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?
user2356580's user avatar
2 votes
1 answer
4k 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? ...
bitshift's user avatar
  • 169
2 votes
2 answers
411 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 ...
Chris W. Rea's user avatar
  • 31.7k
2 votes
1 answer
101 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[ ...
Ayan Mullick's user avatar
2 votes
1 answer
206 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% ...
kinbaku's user avatar
  • 29