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answered on Mar 2, 2024

The decisions made by the Supreme Court and the Fifth Circuit Court of Appeals regarding SEC administrative law judges (ALJs) did not automatically disqualify all ALJs of the SEC. Rather, those decisions addressed specific aspects of the appointment process for ALJs and the structure of the... View More

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answered on Sep 14, 2023

The taxation of RSUs can be complex, and it's unfortunate that the stock's value has dropped significantly. You're correct that capital losses can often be used to offset capital gains, but there may be limitations on the amount you can deduct in a given tax year. I recommend... View More

First, I hope your friend is not you. Of course this is fraud. Yes, if caught this would adversely affect his immigration status. And, if this is really a friend, and not you, you may be an accomplice to this fraud. Don't do it!

It is not "illegal" to share your login credentials, but it is likely a violation of your brokerage account agreement. Most brokerage account agreements contain language that says you agree you will not share your login information with a third party. So, it could be a breach of your... View More

When you file your personal return you add the withheld tax as a credit which will be applied to tax due or refunded.

The investment firm doesn't have the money they sent it to the IRS.

This is a good question, and somewhat difficult to give you a solid answer. Here is why. A Company is required to file a Form 8-K when a "material event" takes place. It is management's call as to what they consider material. This is also based on the size the Company. For a... View More

You are correct. If some one wants to give you stock, you are under no obligation to accept it. The same is true for an inheritance. You may not want to accept a property, if it includes a huge mortgage or a number of tax liens.

There must be more to this story than your comment above.... View More

Before you donate any stock to a charity, you should check with the charity first to determine if they will accept the stock.

Once you determine, the charity will accept the stock, you need to transfer the stock into their name.

The transfer depends if you have the stock in... View More

Your friend needs to sit down with a Civil Attorney to find out if there is something here and they should do so right away.

You can certainly file a lawsuit based on the facts provided, but the viability of prevailing and recovering on the lawsuit are dependent on specific facts that are not provided here, such as the nature of you getting dragged out and if you were resisting with the individual.

That said, I... View More

Yes, it is certainly possible you have a viable cause of action against your broker, but the chances of obtaining a judgment and recovering on that judgment is dependent on very specific facts that are not provided here, such as details of any contracts you have signed with the broker, and the... View More

For free, FINRA Broker Check is your best bet. The report will show education, employment, and complaint history for licensed brokers: https://brokercheck.finra.org/

A securities fraud class action is a lawsuit filed by one or more investors who bought or sold a company’s securities within a specific period of time (known as a “class period”) and suffered economic injury as a result of violations of the securities laws. In cases involving misleading... View More

What you describe is also known as over-concentration. Over-concentration violates the suitability rules that financial professionals are required to follow. Over-concentration is one of the riskiest, and most speculative, investment strategies because the portfolio is not diversified and subject... View More

The answer to your question depends on the specific details of the contract and/or arrangement you have with your broker. I would recommend organizing all information relevant to this situation, including the contract you have with your broker, and consult with an attorney individually. A... View More

It depends on the nature of your agreement with the broker. I would recommend organizing the agreement (assuming there is one), and consulting with an attorney individually. An attorney will be able to review the specifics of the situation, and advise you as to your options moving forward.

Not sure why this posted in injury law. Talk to a criminal defense lawyer.

Please Take Notice: I am not your lawyer unless we enter into an engagement agreement in writing. This is general information that is given for legal education only. It is not legal advice, and it may not work for... View More

It does not. All the more reason to carefully review any agreement before signing, paying particular attention to the details of what may be buried in the agreement, the arbitration clause.

Generally, shareholders are not liable for the tortious acts of the corporation. Officers and directors who may be found to be intimately involved in the tortious act or neglect that led to the injury, may be found personally liable for their acts or omissions.

The product you purchased is likely a "security," which means that the state's securities laws as well as the Securities Act of 1933, the Exchange Act, and potentially other federal laws, apply and regulate the sale and offer of the product you purchased. In other words, material... View More