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Limited Trading Authorization
       
 
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Limited Trading Authorization

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Limited Trading Authorization
A level of Trading Authorization that gives an Agent or Broker the power to place orders or make inquiries concerning a client's account.
    
Limited Trading Authorization allows the Agent to act on behalf of an investor, but does not allow for the dispersement of account funds.
    
A step down from full authorization, limited Trading Authorization allows a Broker or Agent to purchase and sell securities at his or her discretion. This is often used when a client does not know much about investing, and trusts the Broker to properly manage his or her account. In circumstances where the client is a knowledgeable investor, limited authorization can allow the client to capitalize on Broker recommendations.
Posted by  IQPC Worldwide Pte , Convention of Independent Financial Advisors CIFA, Marcus Evans (ANZ) Limited
 
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