Unauthorized Investment

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Unauthorized Investment

An investment that does not meet the investment goals of a bank or trust. An unauthorized investment may be legal; that is, a bank or trust may be allowed to purchase an unauthorized investment. However, it does not suit the particular needs of the bank or trust. It contrasts with a nonlegal investment, which is not permitted by law.
References in periodicals archive ?
(A.M.) lacked integrity for producing inaccurate information regarding the amount of a client's total net assets and for making unauthorized investments for another client that he attempted to conceal," the regulatory authority said.
The Vice Chancellor, he suspected, has also risked hundreds of millions (around 750 millions) of university funds by illegal and unauthorized investments with private and low-rating banks.
He said that Vice Chancellor has also risked hundreds of millions around 750 millions of university funds by illegal and unauthorized investments with private and low-rating banks.
Unauthorized investments: Financial advisors of athletes making unauthorized investments on their behalf.
In two instances of misuse of powers by directors and unauthorized investments in associated companies, proceedings under
Investor's money to his own personal use and made other unauthorized investments.
The controls relate, for example, to preventing an entity from incurring unauthorized investments, making unauthorized expenditures, incurring unauthorized liabilities, having inventory stolen or detecting such events in a timely manner.
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