discretionary account


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discretionary account

n.
A stock or commodity account in which an agent is free to trade without prior consultation with the customer.
References in periodicals archive ?
ASIC s surveillance of Calibre, which provides managed discretionary account (MDA) services, raised concerns over the business s compliance and risk frameworks, their advice to clients and their supervision of representatives.
The discretionary account - around $20 million - is used predominately for art acquisition and museum promotion.
The firm aims to run mainly businesses as asset securitization and discretionary account operation, Lo said.
City Council or five county supervisors' seats, it comes with a fat salary and a flush discretionary account.
The verdict cites the duo's alleged embezzlement of more than $3 million from a presidential discretionary account during Chen's two terms as president, and receipt of nearly $12 million in kickbacks.
curriculum with assistance from dance professionals; give each school a discretionary account with which to purchase P.
The mere purchase of disparaged securities in a customer's discretionary account may establish liability.
Mr McCarthy, who served in some of the country's toughest jails, used money from his own discretionary account to foot the bill.
Discretionary account funding is derived from the interest earned on departmental endowment funds.
Judge Peralta is investigating the disappearance and presumed theft of some US$500,000 from the discretionary account.
Lai said the new measure could also entice more retail investors to rely on expert judgment of discretionary account managers, leading to stabilization of the highly volatile local stock market.
We were the major discretionary account beneficiary.