Series 7: 14.3.1 Power Of Attorney

Taken from our Series 7 Top-off Online Guide

14.3.1 Power of Attorney

A power of attorney (POA) is a legal document that authorizes one party to act as agent for another (the grantor or principal) and make legally binding decisions on the grantor’s behalf. The agent, also called an attorney-in-fact, has a fiduciary duty to the grantor.

Powers of attorney are written for a variety of purposes and can be either general or limited in scope. With a general power of attorney, the agent is given broad authority to manage the grantor’s assets and financial affairs. A limited power of attorney grants only specific activit

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Just passed the Series 7 on the first attempt! Many questions on the FINRA exam forced me to consider scenarios from a different perspective, and the conceptual understanding the Solomon materials and study plan facilitated allowed me to apply my knowledge appropriately. If I need another license in the future, I'll rely on Solomon to help me prepare.

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Stalin Miki, Bankerslife, Miami, FL

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Lorraine Harrod, PNC, Lewes, DE

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David Hartzell, Cornell Capital Management, New York

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