OAR 441-195-0070
Discretionary Authority

(1)

No broker-dealer, or any associated person, shall exercise any discretionary power or authority for any customer unless such customer has given prior written authorization to exercise such power or authority to a stated associated person or persons.

(2)

This rule shall not apply to transactions in which the broker-dealer’s discretion is limited to the price at which or the time when an order given by a customer for the purchase or sale of a definite amount of a specified security shall be executed.

Source: Rule 441-195-0070 — Discretionary Authority, https://secure.­sos.­state.­or.­us/oard/view.­action?ruleNumber=441-195-0070.

Last Updated

Jun. 8, 2021

Rule 441-195-0070’s source at or​.us