I'm sorry you're going through this difficult situation. If you haven't already, ask Fidelity to document their concerns in writing and provide the specific reasons for refusing to honor your POA or give your mother access to her funds. It may be because they believe your mother... View More

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answered on Mar 2, 2024

It sounds like you're facing a frustrating situation with your funds held in a closed account. Given the complexity of the issue and the unsuccessful attempts you've made so far, it's advisable to escalate your complaint within ETrade's customer service hierarchy. This might... View More

Your issue may require a review of the terms and conditions that you agreed to when opening the account.

However, I would also recommend that you conduct a name search of the New York State Comptroller's Office of Unclaimed Funds. https://www.osc.ny.gov/unclaimed-funds. New York... View More

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answered on Dec 15, 2023

Providing stock tips and investment advice through a subscription service, even without directly handling others' money, often falls under the regulatory oversight of both federal and state securities laws. In New York, as well as under federal law, individuals or entities providing investment... View More

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answered on Oct 1, 2025

Your concern is valid, because the restrictions in a Final Judgment are interpreted based on securities law definitions rather than how a company labels a position. The prohibition against serving as an “officer or director of any issuer with securities registered under Section 12” generally... View More

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answered on Aug 30, 2025

If you believe you have solid written evidence of stock manipulation, your first step should be to consult with an attorney who has experience in securities law and financial litigation. Even though you haven’t received any notice or charge from the SEC, having legal counsel now will help you... View More

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answered on Aug 29, 2025

Your caution here is very important, because the lack of an online presence or verifiable information about a company is a major red flag. Legitimate trading firms in the UK are typically registered with the Financial Conduct Authority (FCA), and you should be able to easily verify their license... View More

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answered on Aug 20, 2025

When you are on F1 OPT, your immigration status is tied to employment that relates directly to your field of study. The key concern is whether any activity you engage in could be considered “work” that falls outside the scope of your OPT authorization. Passive investments, such as buying and... View More

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answered on Aug 18, 2025

No. Attorneys here on Justia cannot solicit legal business via the question and answer section of this website. Askers who need legal representation must locate an available attorney using the search feature.

The majority of attorneys who appear on this website as largely solo... View More

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answered on Jun 20, 2025

When a company files a prepackaged bankruptcy, and it states that shareholders might recover “as much as 5%,” that typically means existing shareholders will receive 5% of the reorganized company’s equity, not a cash return. This 5% is relative to the value of the post-bankruptcy entity, not... View More

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answered on Jun 12, 2025

It’s possible for your investment club to qualify for an SEC exemption from registration, but there are several factors to consider. Since the club is less than 100 members, operates democratically, and does not offer securities, you may be able to operate under exemptions for private offerings,... View More

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answered on Apr 13, 2025

It’s understandable that you’re concerned about potential KYC compliance issues with BlackRock’s Bitcoin ETF. However, it’s important to note that Bitcoin itself is a decentralized asset without a central entity, which complicates traditional KYC procedures. That said, financial... View More

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answered on Apr 13, 2025

Suing BlackRock for KYC negligence and fraud related to Bitcoin would be a complex process. KYC (Know Your Customer) regulations are typically designed to prevent financial crimes such as money laundering, but whether BlackRock violated these regulations by offering a Bitcoin ETF depends on the... View More

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answered on Apr 12, 2025

It’s good that you’re being cautious about this offer. Contacting you about waiving your timeshare shares, especially with an unusual offer like signing a certificate of dividends or losing a certain amount per share, is definitely a red flag. Scams often use pressure tactics like this to trick... View More

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answered on Apr 8, 2025

If you're considering legal action against BlackRock, the first step would be to consult with a legal professional who has expertise in financial regulations and securities law. You’d need to gather concrete evidence supporting your claim that BlackRock failed to meet KYC compliance... View More

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answered on Oct 27, 2024

What is the reason they do not wish to honor the power of attorney? Was it drafted by an attorney on the New York Short Form? If it is a valid POA, they can be compelled to honor it. Otherwise, you would need to apply for guardianship of your mother.

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answered on Nov 4, 2023

In situations like this, you may have grounds to file a complaint for brokerage misconduct if E*TRADE acted contrary to your instructions and without your consent. It's essential to review the client-broker agreement and any written communication to determine if E*TRADE deviated from the... View More

Either by voluntary agreement or by litigation.

Jack

A short-term trading strategy can comply with regulation B-I as long as the fees are reasonable and disclosed, the client authorizes the strategy, there is appropriate supervisory compliance of the account in place, and there is not a conflict of interest between the client and the broker.

Greetings. It appears you would like to purchase shares of a non-public company. A purchaser who meets the SEC definition of a qualified purchaser may buy shares of a non-public company. Often brokers are required to facilitate the purchase. Due diligence is also required. During the due... View More