Personal Finance & Money Stack Exchange
Personal Finance & Money Stack Exchange

Questions tagged [regulation]

124 questions
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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 current income. Keeping your account info up to date is…
JohnFx
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Is there a limit on the dollar amount of a personal check?

Is there a limit on the dollar amount of a personal check?
user454
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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 hot right now and it's not likely to be on the…
Mason Wheeler
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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 lend it out to collect interest. Person B…
Cowthulhu
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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-O says (emphasis mine): SEC: "Look at all these…
Flux
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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 rule? Are there funds that bundle up shares of…
John Shedletsky
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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 a bunch of random letters and numbers for the…
Mike
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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 above no longer works. Apparently, there is a newer…
shoyu
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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 when those were used more often?
Toph
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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 seems like something like this could be done in a…
Jake
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What scrutiny to expect if making large purchase with physical cash?

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 one were to buy a $200K home or a $40K car in the…
amphibient
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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, doesn't matter], usually in the neighborhood of…
WBT
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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 credit limit, does that mean the bank sets aside $10,000…
Andrew
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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 restrictions on its stock because shareholders already…
Nat
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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 (assume that this is possible). If I am regularly…
Flux
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