Series 51: Discretion

Taken from our Series 51 - MSRB Municipal Fund Securities Limited Principal Qualification Exam

Definition of the term Discretion...

when a customer gives permission to his or her securities professional to exercise decision-making ability over some or all aspects of purchasing or selling a security.

Since you're reading about Series 51: Discretion, you might also be interested in:

Solomon Exam Prep Study Materials for the Series 51
Please Enable Javascript
to view this content!