Series 22: 6.3.3. Improper Use Of Discretionary Accounts

Taken from our Series 22 Top-off Online Guide

 6.3.3.  Improper Use of Discretionary Accounts

Recall that a discretionary account is one in which the customer authorizes her registered representative to place trades in her account without seeking permission prior to every order. With discretionary authority, the firm and the registered representative, in effect, have been granted limited au

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