Robert V Cornish Jr.’s Answers

Robert V Cornish Jr.

Washington Securities / Investment Fraud Attorney.

Contributor Level 16
  1. Do I have to open an account with Edward Jones in order to receive my share of an irrevocable trust established by my parents?

    Answered over 1 year ago.

    1. Robert V Cornish Jr.
    2. Jeffrey Bruce Gold
    3. James P. Frederick
    4. Joseph Franklin Pippen Jr.
    4 lawyer answers

    Sometimes people designate the financial services entity at which an account is to be maintained in a will. If there isn't such a designation, I can't see any reason why you would be obligated to do so. Even if you want to do business elsewhere, it will be cheaper for you to have the assets moved into your own Edward Jones account and then transfer the account through what is called an "ACAT" to the firm of your choosing.

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  2. If I was caught stealing as a minor (16) does that show up when they do background checks for jobs?

    Answered over 2 years ago.

    1. Robert V Cornish Jr.
    2. Michael Lewis Marley
    3. Benjamin J Lieberman
    4. Antonietta D Bruno
    4 lawyer answers

    If charges weren't pressed, I'd be very surprised to see something on your record.

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  3. Is EB-5 immigration protected by fedral law? A consultant told me that there is no law on investment immigration.

    Answered 21 days ago.

    1. Giacomo Jacques Behar
    2. John Qumars Khosravi
    3. Robert V Cornish Jr.
    4. Pedro A. Miranda
    5. Daniel Patrick Hanlon
    5 lawyer answers

    EB-5 investments are subject to state and federal securities laws just like any other investment. There is no government "guarantee" of any kind, which of course is why USCIS requires that your money is "at risk" when you decide to invest in a project. There are many successful regional centers that have investment programs, and of course there are some that have not worked well. Should you decide to move forward with a EB-5 investment, hire a securities attorney to assist in your "due...

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  4. Live in California and want to create an LLC or Corporation in a startup/tax friendly state. I'm thinking Nevada and Wyoming.

    Answered about 1 year ago.

    1. Robert V Cornish Jr.
    2. Sagar P. Parikh
    3. Steven Francis Schroeder
    4. Alan James Brinkmeier
    5. John P Corrigan
    5 lawyer answers

    If you're conducting business in California and deriving income from that business in California, you are subject to California taxation no matter where the company is registered or incorporated. That being said, Wyoming and other states have favorable laws to address on-line sales of products by entities incorporated in their respective states.

    9 lawyers agreed with this answer

  5. Does a US corporation organized under the laws of the US become a "foreign" corporation for IRS purposes if owned by foreign co?

    Answered over 2 years ago.

    1. Robert V Cornish Jr.
    2. Frank Wei-Hong Chen
    3. Phillip Monroe Smith
    4. Linda Yin Liang
    5. Michael Shaun Goode
    5 lawyer answers

    If your corporate entity is incorporated in a US state or territory, it is considered to be a company within the United States, notwithstanding who owns the shares. If you don't want the Chinese company (or its officers/directors) to be subject to US laws, I would suggest incorporating your corporation somewhere outside the US.

    9 lawyers agreed with this answer

  6. I would like to invest in the states, I would like to know the immigration laws

    Answered over 1 year ago.

    1. Dinara Maylov
    2. Kevin Joseph Abruzzese
    3. Alexander Joseph Segal
    4. Robert V Cornish Jr.
    5. Luca Cristiano Maria Melchionna
    6. ···
    6 lawyer answers

    You not only need an immigration attorney but a securities/corporate attorney to guide you in performing due diligence on your investment opportunities, providing the proper corporate structure and the review of corporate docments. There are many good attorneys who can assist here on AVVO. My firm has offices in NYC as well and handles these sorts of matters reguarly.

    7 lawyers agreed with this answer

  7. Vicitim of FOREX fraud

    Answered over 2 years ago.

    1. Robert V Cornish Jr.
    2. Stephen Neil Foster
    3. Ronald Lee Burdge
    3 lawyer answers

    I'm sorry to hear about your issues with your FOREX company. This has been an interesting area of regulation, as the National Futures Association (www.nfa.futures.org) generally oversees the FOREX industry here in the US. However, the regulatory scheme is relatively recent and many FOREX firms are way out of compliance in many regards with everything from privacy regulations to advertising. There is simply no excuse for a firm not to return your funds when requested, assuming you're not (a)...

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  8. Parents deceased 5 years, assets 200K+,was a will, probate closed, paid to 4 of us. Now found old asset 180K now what? In Cali.

    Answered over 2 years ago.

    1. Molly Cristin Hansen
    2. L Christopher Arvin
    3. David S Hoffman
    4. Robert V Cornish Jr.
    5. Thomas William Dominick
    5 lawyer answers

    I've had some experience myself dealing with the Comptroller's office in Sacramento to release escheated property. It isn't easy, although at first it may appear as much. You are going to have to provide all of the back-up for the accounts (you're going to have to get that from the brokerage firm), a certified death certificate and most likely certified documents from the court where the estate was originally probated. The process from filing to a decision is 180 days. And you may have to...

    8 lawyers agreed with this answer

    1 person marked this answer as helpful

  9. I was hired as a "straw-buyer" to buy luxury vehicles to resell to a company that exports them to china..

    Answered 4 months ago.

    1. Robert Lee Vogel
    2. Robert V Cornish Jr.
    3. Stephen Alan Sauer
    4. Ruchee Janardan Patel
    5. Patrick G. Davidson
    6. ···
    7 lawyer answers

    Given your set of facts, you could be liable to the Export Company for conversion or fraud, given that you took a vehicle they intended to sell and sold it for your own monetary benefit. If you've got issues with how this company operates and have ideas of "whistleblowing" for profit, think again. Very few "whistleblowing" complaints to regulators or gov't authorities see the light of day. Even if they do, there is no guarantee that you'll receive anything. Your course of action doesn't...

    6 lawyers agreed with this answer

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  10. I want to file a lawsuit against a Corporation in Tennessee. Can I also list the Officers as individual Defendants?

    Answered about 1 year ago.

    1. Robert V Cornish Jr.
    2. Andrew Michael Bonderud
    3. Matthew Erik Johnson
    4. Jeffrey Denzel Germany
    5. Lina M Lopez-Fullam
    5 lawyer answers

    You can certainly name the individuals as defendants. But from what you're saying, these people may have been somewhat tangential to the fraud at issue. One thing you should remember is that in any state (including Tennessee), fraud needs to be stated with "particularity." That means the exact who, what, where, when, and motive of each act of the fraud needs to be spelled out. In addition, given that you believe there is wire fraud involved (and likely National Stolen Property Act as well),...

    6 lawyers agreed with this answer

    1 person marked this answer as helpful