Series 24: 3.2.3. By Trading Authority

Taken from our Series 24 Online Guide

3.2.3. By Trading Authority

The owner of an individual account can give permission to another individual to trade in his account. This is called trading authority, and it may be given to any authorized third party. Trading authority gives the third party authority to buy and sell securities or make inquiries concerning the owner’s account. Trading authority actions must align with the investor’s stated goals. An investor authorizes the third party by filling out and signing the required documentation. Once the signed documentation has been received, but not at any time beforehand, the third party can begin making discretionary trades in the customer’s account.

The customer may choose between granting either full or limited authorization. If a person has limited trading authority, he is permitted to purchase and sell securities for the account owner and make inqui

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