Or. Admin. Code § 441-195-0070

Current through Register Vol. 64, No. 1, January 1, 2025

Section 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.

CC 12, f. 7-12-73, ef. 9-1-73, Renumbered from 815-030-0200 and 815-030-0110

Stat. Auth.: ORS 59

Stats. Implemented: ORS 59.135 & ORS 59.205