- (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.
Statutory/Other Authority
ORS 59
Statutes/Other Implemented
ORS 59.135 & 59.205
History
CC 12-1973, f. 7-12-73, ef. 9-1-73, Renumbered from 815-030-0200, 815-030-0110