Do not show again. Home Add My Case Sign Up Log In. Hottest Immigration Tracker Over 1M users on trackitt. Community of Green Card Applicants Collectively Sharing and Tracking Their Green Card Status. Please submit your thread title. Hello, I was browsing through this forum archive message. Some one was mentioning about doing home business is illegal if we are in H1B. Is doing stock trading - buying and selling through scottrade broker is illegal too?

Have any one faced any issues while in the process of I? Ad Insurance for International Travelers to the USA. Day trading is illegal, but you can earn passive income, so long term investment should be fine!

I agree with Desi, as long as it is a "normal" level and type of trading. Previous discussion on the subject has suggested that it can become a grey area if your activity and types of transactions would class you as a "day trader".

This can be considered self employment. Here are a couple of links on the subject of "day trading". Day trading is not a passive investment, you are actively engaged in making decisions every day and spend significant amount of time. I am sure if you google the interwebs, you can find some references. That said, you need to figure out if your are a Day trader based on SEC rules or USCIS passive investor rules. SEC has a more restrictive rule that if you filp a few stocks within a day period, you are a day trader.

For USCIS, few periods of flipping through the year is not going to matter, but if they see that you have flipped s of stock in a year, it is going to raise a flag. Can we trade in the name of US born minor kids? You came with happy news few days back.

But,your I status is still peding it seems. Why don't you update it.? You will still be filing the tax returns under the same So if you plan on day trading using minor kids think again, your kid will be "trading" in your custodial account -- so it is still traceable back to you. If you are asking if you can casually trade, then yes you can.

I don't agree with that. Day trading is not a full time activity. But for God sake opening and closing 4 times in 5 days wouldn't take 5 full days of work. If you are stupid enough you can do that in 8 seconds. Also you are not replacing an American day trader by you day trading. Investing internationally is accepted everywhere as long as you are not violating the exchange currency convertibility laws.

You don't have to be in US to invest in US stocks. You can trade US stocks from India if India let you do it. I am trading stocks and options since last 8 years and i also own real estate my home since more than an year and half.

I am still on H1 - 9 th year. I was classified as pattern day trader couple of times by my broker scottrade. The only issue is you need to maintain at least 25K in your account if you are classified as pattern day trader. Meaning you could be buying today and selling it tomorrow and still be a day trader. However, please learn the uncle sam rules very well before you plunge into day trading in us.

Day trading in not illegal. Buffet is a full time investor. Likewise, day trading is not equal to trader's job. Traders do require a license to perform their duty whereas you and me don't require any license to do day trading.

Can H1B visa holder do Stock Trading in US? Tax, Day time trading ?

Above all, day trading by anyone is not illegal. In fact H1B can do options trading too It is not equal to the las vegas gambler job.

Bringing back this discussion - Is Day Trading actively in say Penny stocks considered illegal or falls under any supervision while on H1B? Which makes H1 people doing other duties other than specified.. Passive investment is definitely allowed on H1B. What is contentious is active investment activities. Traditional knowledge and the guidance given by many lawyers is that day trading is not allowed on H1B.

But going back to my initial post in this thread, I would like to remind people that there are differences in the definition of day trader based on what SEC sees and what IRS and consequently USCIS sees.

For SEC, any 4 flips within 5 days period marks the person as a pattern day trader, which imposes a 25K margin account balance requirement.

For IRS and USCIS , a day trader is someone who has done significant amount of stock trades in a year s of transaction. You should look at the rules from IRS which allows a person to classify self as a day trader and hence deduct expenses related to that like subscription to business journals etc.

Now, given advances in technology as Pyrenees claims, it is possible to be trading daily without much interaction. I doubt it is really a fire and forget system, if I knew about those things I wouldn't be spending time in this forum, but it is probably sufficient enough to calm USCIS' concerns. You need to discus this with your lawyer. My opinion is that this is not even an immigration issue but a tax issue.

As long as the taxes as payed on the capital gain, all is well. If you can drop me a hello at akshay at yaho 0 dot com, that would be great. Thank god something other than CIR In TrackITT.

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Day trading is not only illegal but also banned in US. This has been effective from after market crash. I am very active trader and trade a lot in in equties and ETFs.

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Yeah definitely there is going to be boom. I'm on CIR but if it passes Bank stocks, business that build new houses will gain lot of value meaning their stock prices will rise like crazy Ad Sending Money Home? India, Sri Lanka, Pakistan, Bangladesh, Nepal. Tell your friends about trackitt. New updates have been made to jQuery News Ticker! Check below for more details! See below for further details and for latest download. Further updates to jQuery News Ticker are coming soon!

Show decent posts Show all posts. Is Stock Trading leagal for H1b people?

Posted by KingLion 75 18 Mar 1. Posted by Desi 18 Mar 2. Posted by akrk 18 Mar 4. Do you have some document or a link or something that says day trading is illegal? Posted by camar 18 Mar 6. Posted by akrk 18 Mar 7. Posted by redbul 77 18 Mar 8. Posted by moveeb3 18 Mar 9. Posted by camar 18 Mar The main reason behind 'day trading' illegal for H1B is that Day trading is fulltime activity usually traders do.

You are in here for H1B approved job not for doing fulltime day trading business. Nope dependent cant do it either. Again casual trading is allowed, but day trading is disallowed even for H4 dependents. L2 can definitely do whatever they want to.

Posted by Desi 18 Mar Posted by trustlife 29 Apr Posted by camar 29 Apr Posted by hickory 30 Apr Posted by trustlife 30 Apr Posted by shetty 30 Apr Posted by kumara41 67 30 Apr Posted by gharamchai 30 Apr Thank god something other than CIR In TrackITT to shetty You know that the stock market must be topping out with the bubble about to burst when Trackitters are discussing stocks instead of the good old CIR.

I am now coining this as the "Trackitt Stock Market Indicator" TSMI which should be taken into account along with PMI, GDP, Case-Schiller, Unemployment rate, CPI, PCE, VIX, Treasury rates, Commodity prices etc: Do you like trackitt? Take a look at: