limited discretion

Limited discretion

Permission by a client that allows a broker to make certain stock and option trades without first consulting the client about the trade.

Limited Discretion

Permission from an investor giving his/her broker the ability to make some investment decisions on a brokerage account without consulting the investor. Such decisions must be made in accordance with the customer's stated investment goals. This contrasts with a discretionary account, which gives the broker much more independence. Limited discretion is also called limited trading authorization.

limited discretion

The authority given a broker to make certain investment decisions without first getting in touch with the investor. The investor must sign a written agreement providing the broker with limited discretion. Also called limited trading authorization.
References in periodicals archive ?
First, there are "shall-issue" states, in which authorities have limited discretion to reject an individual for a concealed carry permit based on the criteria provided in the application.
Limit discretion in pricing or underwriting, and ensure that such limited discretion is exercised.
221) Also notable, and discussed in more detail below, certain courts, particularly the Tenth Circuit, have limited discretion as to new arguments on appeal to plain error review.
Paragraph 53(1)(b) of the Immigration Act gave the minister limited discretion to deport refugees in circumstances where they faced the possibility of torture.
This Chapter concludes by proposing that ff EPA were to undertake ESA consultation in its oversight role of state-issued permits, the constraints from EPA's limited discretion in the permit transfer decision would be avoided, and better species protections would result.
expected to perform specialized work in performing this TASK and shall have limited discretion in
There is only limited discretion for multiple fines on the same journey - as drivers complained that after passing one enforcement camera entering a bus only zone they had to pass another to get out.
A deeper approach should view leadership as the result of three factors: extensive expectations, considerable followership, and limited discretion.
The first way, says Mr Trench, would be to draft laws at Westminster with limited discretion for English ministers, but only a broad set of goals for Wales, so the Assembly could develop its own distinctive approach.
Even in the less-competent bureaucracies in Indonesia and Thailand, explicit spending limits and a binding commitment to monetary stability have limited discretion.
Resulting standards are to be peer reviewed by an independent panel of experts, and the Secretary of the DOT is provided to limited discretion to impose standards that do not otherwise meet the risk assessment requirements.

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