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0 Answers | Asked in Securities Law for Pennsylvania on
Q: Recently suspended without compensation and trading licenses restricted for event that occurred in 2015. What if I quit

The situation:. My mate was dying and I had three frivolous lawsuits concurrently. A friend, who later became a client offered to pay the legal fees and when I got back on my feet, I could pay him back. Current company says I breached fiduciary responsibility, but the money was not held at... Read more »

1 Answer | Asked in Securities Law for Arizona on
Q: Is there a statute of limitations in nev on a proof of financial responsibility
Stephen M Vincent
Stephen M Vincent
answered on Jan 24, 2023

You asked this question to Arizona attorneys. We can't advise you on Nevada law. You may want to reask this question in the Nevada forum.

0 Answers | Asked in Civil Rights, Communications Law and Securities Law on
Q: An influencer posted my comments on her social media account and make a video about it but I clearly said no

She said in exchange for my teaching license she will post it. Her intention is to ridicule me

Q: How to obtain a bond on public officials and police officers

Is a federal judge the only judge that can deny a bond and since it isn't harming or violating any citizen of their constitutional rights

0 Answers | Asked in Business Formation, Business Law, Gaming and Securities Law on
Q: Is my virtual currency considered gambling if regular users cannot withdraw their tokens?

I have a social media platform for gamers where users can buy or earn virtual tokens by watching advertisements. They then can purchase services on our platform such as virtual items and or pay other users to play videogames with them. How users can earn their tokens is by playing a videogame where... Read more »

0 Answers | Asked in Entertainment / Sports, Gaming, Securities Law and Stockbroker Fraud on
Q: Would my virtual currency be considered gambling if normal users cannot withdraw their earnings but use it for services?

I want to make a game where users generate advertisement revenue that pools into a reward pool that can be won if users defeat the boss.

If users can't withdraw the virtual currency but can use it to purchase services on our platform would that be considered gambling?

0 Answers | Asked in Civil Rights, Communications Law and Securities Law for Pennsylvania on
Q: Can my boss hack into my personal Apple ID account and read my personal messages?

I was using a MacBook that was bought by my boss for me to use for work. I logged onto it with my personal Apple ID account. Well today I found out that they got into my account somehow and read personal messages between me and another coworker. It’s a major invasion of privacy and I’m really... Read more »

0 Answers | Asked in Securities Law for California on
Q: If I sell art, can I pay the art buyers royalties from my online store of merchandise like t-shirts and posters?

Would it be considered a security if I sell 500 pieces of physical art and pay royalties to the owners of the art for any t-shirt, posters, etc sales from our online store related to the art piece? Even if the physical art ownership changes hands to a new owner, who would then receive the royalty... Read more »

0 Answers | Asked in Landlord - Tenant and Securities Law for Florida on
Q: I have been scammed abroad in Italy by a landlord and seeking financial, emotional and luggage compensation.

I am a first-year university student seeking legal help for a matter with my Italian landlord. H has scammed me out of one thousand USD, lost my luggage, and caused me emotional distress to me since I left Italy on December 17th, 2022. I have more information and details of our interactions,

2 Answers | Asked in Business Formation, Business Law and Securities Law for New York on
Q: can I have legal liability by sharing financial statements from another location with an investor
Tim Akpinar
Tim Akpinar
answered on Dec 24, 2022

It could depend on what your capacity is, as an officer, fiduciary, etc. This is posted under "Uncategorized." It sounds like something that attorneys who practice in Business Law, Securities Law, Business Formation, and confidentiality agreements would have insight into. Some questions... Read more »

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1 Answer | Asked in Business Formation, Business Law and Securities Law for Texas on
Q: Can I start a business that sells bonds to friends and family, then invest that money in the stock market?

I'm an investor with 14 years experience. My friends and family all want my help because I've made excellent returns but it is my understanding that I can't help them, because I'm not a financial advisor, and they could sue me if they lost money (is that even true?). So I want... Read more »

John Michael Frick
John Michael Frick
answered on Dec 3, 2022

Forming a brokerage firm like this and creating a bond to offer to members of the public is a relatively complex endeavor.

You need to contact a business formation attorney who handles SEC regulated securities firms to avoid potential criminal legal problems

2 Answers | Asked in Securities Law and Stockbroker Fraud for Florida on
Q: Broker decided to close my account and sell my securities. They said I broke section 3 of their agreement without detail

Is it legal for a brokerage firm to decide they no longer want to manage my account and sell my securities without my permission. They refused to transfer them to another firm.

Bruce Alexander Minnick
Bruce Alexander Minnick
answered on Sep 22, 2022

Yes, it is legal for a brokerage firm to decide that they no longer want your business.

No, it is not legal for the brokerage firm to liquidate your securities unless they have a good reason.

For any more help you will have to retain a lawyer. Search for one using Justia.

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1 Answer | Asked in Securities Law for California on
Q: Is it legal to purchase stock options from an employee at a private company?

I.e. Could I legally cover the taxes on an employee's vest, to "purchase" the shares that would normally be sold to cover the taxes associated with the vested stock amount? If I formed a private agreement with that employee to earn the return on those shares, minus some percentage,... Read more »

James R. Dickinson
James R. Dickinson
answered on Sep 20, 2022

This seems like a strange way to address the issue. Without speaking to your specific situation, a loan, to be repaid [secured or unsecured], would be a way one could cover costs. You need to speak with a local attorney regarding your specific situation. [I litigate cases. Anything posted here must... Read more »

1 Answer | Asked in Banking, Business Formation, Securities Law and Stockbroker Fraud for California on
Q: Can I manage other people's money (money manager or portfolio manager) with only my series 65 license in California?
Steve A. Buchwalter
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Steve A. Buchwalter
answered on Sep 1, 2022

Anyone can allow you to manage their money. There are no requirements for you to do so. Having a business of, or charging for, managing someone else's money can a different story and is more complicated.

2 Answers | Asked in Securities Law and Stockbroker Fraud for California on
Q: My question pertains to potential breach of fiduciary responsibility by my financial advisor, Merrill Lynch.

I have been a client of Merrill Lynch (ML) for more than 20 years. Not until 3 months ago did any of my advisors at ML ever mention that I should be purchasing US Govt issued iBonds, as part of my portfolio, which in almost every year of my ML relationship have paid a substantially higher return... Read more »

David Neuman
David Neuman
answered on Jul 28, 2022

California law finds that stockbrokers and financial advisors are per se fiduciaries to their clients. Thus, the fiduciary has to act in your best interest first. There are a number of other duties that arise when a stockbroker is a fiduciary, such as keeping their clients abreast on changes in... Read more »

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2 Answers | Asked in Securities Law and Stockbroker Fraud for New York on
Q: Financial investment question

I currently have access to a crypto investment fund through an individual who trades to make a group of us money, and I want to open it up to friends and have them go through me in order to invest. I pay $200/mo to have access to the fund, so I would charge them $100/mo and have them go through me.... Read more »

Chris Warren
Chris Warren
answered on Jun 16, 2022

This response does not constitute legal advice.

Yes. If you take your friends' money for access to an "investment fund" an "individual" (read: not a broker) runs, you could be violating several securities laws as well as potential "blue sky" State laws....
Read more »

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1 Answer | Asked in Securities Law and Estate Planning for Texas on
Q: Can the executive of a will over ride the Beneficiary for investments

I am the Beneficiary for the investments my ex-wife made she passed away in2019 her executive of the will told me that she gave everything to her Granddaughter I asked for the paperwork and he told me that I was trying to dig up dirt on my ex-wife. Can he override the Beneficiary for investments

Paul Premack
Paul Premack
answered on Feb 28, 2022

Your divorce eliminated your name as beneficiary on investments. Investments like a mutual fund or stock are allowed to have a "pay on death" or a "transfer on death" designation. Sometimes the accounts will be in both names, with a "right of survivorship". The goal of... Read more »

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