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California Securities Law Questions & Answers
1 Answer | Asked in Immigration Law and Securities Law for California on
Q: Working with an employer on H1b (work) visa. Not allowed to work with other employers. How can I register as reg. rep?

My H1b work visa does not allow me to work for another employer except for my H1b sponsor employer. If I want to associate with a broker dealer as registered rep what are the options for me without triggering any legal issues on immigration side? Thanks

Roger Carl Algase
Roger Carl Algase
answered on Jun 16, 2017

If the person you want to associate with offers you a job working for him on a salary basis, he can file a "concurrent" H-1B petition so you can work in both jobs at the same time. Or, if you want to leave your current job, he could file an H-1B transfer petition for you. But these... View More

1 Answer | Asked in Criminal Law, Consumer Law, Identity Theft and Securities Law for California on
Q: my question concerns embezzlement of a contract in which I was a joint tenet with my now deceased brother...

I just discovered this stock endowment in Feb 2017. I received a statement from IRS FOR THE TAXES OWED ON THIS SIX DIGIT AMOUNT.

I CALLED the stock company AND REQUESTED ALL DOCUMENTATION/transactions ON this account.. the checks were signed with my brothers signature... but not his... View More

Ali Shahrestani,
Ali Shahrestani,
answered on May 22, 2017

You may be able to sue for the forgery and fraud, and you can report crimes to the police and the attorney general. More details are necessary to provide a professional analysis of your issue. The best first step is an Initial Consultation with an Attorney. You can read more about me, my... View More

1 Answer | Asked in Probate and Securities Law for California on
Q: i have somebodys stocks from 1955 they are passed away can i get money from them
Richard Samuel Price
Richard Samuel Price
answered on Mar 30, 2017

Yes, if you are an heir to the estate. The correct probate procedure to use would depend on the type of property and the value of all the property in the estate. Consult with a probate attorney for a full consultation.

Q: What options would a fintech startup have to get around the securities license requirements?

Specifically in the p2P lending place, requiring we hold the series-XXX licenses and beyond. Would an LLC be able to suffice, as it is its own LLC? Or would we need to partner with someone who has the licenses?

Zaher Fallahi
Zaher Fallahi
answered on Nov 27, 2016

This sounds a material issue and you should consult a local counsel, and not take an unnecessary risk of sustaining penalties. The information presented herein is for general purposes only. It is not intended to, and may not be construed as legal, tax or accounting advice. Neither is it intended... View More

1 Answer | Asked in Tax Law and Securities Law for California on
Q: Does a prohibited transaction related to a self-directed 401(k) plan result in distribution of the entire plan?
Zaher Fallahi
Zaher Fallahi
answered on Nov 7, 2016

Yes, it does. You need to consult a specialist in the field. The information presented herein is for general purposes only. It is not intended to, and may not be construed as legal, tax or accounting advice. Neither is it intended as a solicitation. For specific advice, please consult an... View More

1 Answer | Asked in Estate Planning and Securities Law for California on
Q: No will: Mom died 10 years ago. Dad last year. Computershare holds stock in his name and in joint names. What do I do?

I printed out the holdings before Computershare closed me out of the account, even though I am executrix. There are plan shares, book entry and certificates (in a mixture of dad's name only, and jointly). I established an estate account but am unable to transfer the joint account holdings into... View More

Richard Samuel Price
Richard Samuel Price
answered on Apr 21, 2016

For two different decedents, you will need two different probate actions and you can be appointed as the personal representative of each estate.

1 Answer | Asked in Securities Law for California on
Q: Hi,I invested in a restaurant how often should they pay my initial investment back?

Hello,my initial is 25.000 usd,would it be yearly or?

Adam Studnicki
Adam Studnicki
answered on Jul 14, 2015

It depends on the terms of the investment documents. Ask a local lawyer to review and advise.

1 Answer | Asked in Securities Law for California on
Q: whar is statute of limitations on sec certs?

I have a securities certificate that was never cashed in. Bought in 1966 and came due in 1976. Is it still possible to collect on this. Insurance Securities Trust Fund of San Francisco.

Mr. Robin Mashal
Mr. Robin Mashal
answered on Mar 4, 2015

Disclaimer: The materials provided below are informational and should not be relied upon as legal advice.

Were the certificates issued in your name? If so, you should contact the company that issued the certificates and see if they are holding any funds for you. There is also a chance...
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1 Answer | Asked in Securities Law for California on
Q: What is the statute of limitations to object to a transfer of stock in a Sub-Chapter S Corp in California?
Mr. Robin Mashal
Mr. Robin Mashal
answered on Jan 6, 2015

Disclaimer: The materials provided below are informational and should not be relied upon as legal advice.

Transfer of stock, per se, is not actionable. On what grounds you wish to object to the transfer? Be sure to consult your own attorney to protect your legal rights.

2 Answers | Asked in Securities Law for California on
Q: How do I find out if any lawsuits have been filed against Sonoma Ridge Capital LLC in Sonoma County CA
Ken Chan
Ken Chan pro label Lawyers, want to be a Justia Connect Pro too? Learn more ›
answered on Apr 30, 2014

The Superior Court of California for the County of Sonoma is located at Hall of Justice, 600 Administration Drive, Room 107J, Santa Rosa, CA. The court has public access information terminals for researching cases.

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1 Answer | Asked in Securities Law for California on
Q: If the SEC gets an ex-parte on the investment company you have your money in, will they return your money?
Zaven Andranik Sargsian
Zaven Andranik Sargsian
answered on Dec 10, 2013

I assume you mean that the Securities and Exchange Commission got an ex-parte (i.e. without both sides presenting) temporary restraining order (or preliminary injunction). This may also have been an ex-parte asset freeze, or, for that matter, several other requests. You should have a lawyer in... View More

1 Answer | Asked in Securities Law for California on
Q: I have a stock certificate for Superior Oil in 1980 issued to my Grandmother which I did not inherit. How do I found ou
Adam Savett
Adam Savett
answered on Apr 15, 2013

In March 1984, Superior Oil was acquired by Mobil Corporation (now part of ExxonMobil). At that time, Superior was the nation's largest independent oil producer. You can contact Exxon Mobil Shareholder Services via their website -... View More

1 Answer | Asked in Securities Law for California on
Q: What happen to my stock in a company that went bankrupt in 1990?
Andy Chen
Andy Chen
answered on Aug 8, 2012

It depends on the precise type of stock (e.g. preferred vs. common). Most people have common stock and they are usually wiped out (i.e. their stock becomes worthless) when the company declares bankruptcy. Sorry. If you have a considerable amount of money invested, it might be worth it to get a... View More

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