For an FINRA member firm to exercise discretionary power in any customer account requires written authorization by that customer except when:
A)the customer is a spouse of the registered representative
B)the customer has given an oral approval after the transaction
C)only time and price of execution are involved
D)both B and C

Question

Quizplus · Accepted Answer

only time and price of execution are involved. The only exception to the discretionary rule is when the customer gives discretion regarding time and price of execution.

For an FINRA Member Firm to Exercise Discretionary Power in Any