Showing posts with label discretionary authorization. Show all posts
Showing posts with label discretionary authorization. Show all posts

Wednesday, May 7, 2014

margin outline


Which of the following is NOT needed to open a margin account with a broker/dealer firm?

·        Discretionary authorization

·        Only for discretionary account

·        Not for margin account

·        Hypothecation agreement,customer agreement,lending authorization: all needed to open a margin account