Series 51: Discretionary Account

Taken from our Series 51 - MSRB Municipal Fund Securities Limited Principal Qualification Exam

Definition of the term Discretionary Account...

an account in which the customer provides the broker with written authorization to buy and sell securities in the customer’s place.

Since you're reading about Series 51: Discretionary Account, you might also be interested in:

Solomon Exam Prep Study Materials for the Series 51
Please Enable Javascript
to view this content!