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DISCRETIONARY TRADING AUTHORIZATION / POWER OF ATTORNEY The undersigned hereby authorizes as the undersigned's agent and attorney- in- fact (the Age t”), with full power and authority to enter into

How to fill out discretionary trading authorization power

How to fill out discretionary trading authorization power:

1. Obtain the necessary forms: Look for the specific discretionary trading authorization power form provided by your broker or financial institution. They may have it available online or you can request it from their customer service.
2. Fill in personal information: Provide your full name, address, contact details, and any other required personal information as stated on the form.
3. Specify the account: Indicate the specific trading account for which you are seeking discretionary trading authorization power. Include the account number or any other relevant identification details.
4. Understand the terms and conditions: Carefully read and comprehend the terms and conditions associated with discretionary trading authorization power. Ensure you understand your rights and responsibilities as well as any limitations or restrictions.
5. Identify the authorized person: Specify the individual or entity who will have the discretionary trading authorization power. This can be yourself, a financial advisor, or any other designated party.
6. Determine the scope of authorization: Clearly define the boundaries and limitations of the discretionary trading authorization. Specify whether it is limited to specific types of trades, asset classes, or investment amounts.
7. Sign and date the form: Once you have completed all the required sections, sign and date the form in accordance with your legal signature.
8. Submit the form: Send the filled-out form to your broker or financial institution either through mail, email, or their stated submission process.
9. Follow up: Check with your broker or financial institution to ensure that they have received and processed your discretionary trading authorization power application. Keep a copy of the filled-out form for your records.

Who needs discretionary trading authorization power:

1. Individual investors: Individual investors who wish to delegate their trading decisions to an authorized party may need discretionary trading authorization power. This can be beneficial for those who lack the time or expertise to actively manage their investment portfolio.
2. Institutions and corporations: Institutions and corporations that utilize trading services might need discretionary trading authorization power, allowing designated individuals within the organization to execute trades on behalf of the company.
3. High-net-worth individuals: High-net-worth individuals may require discretionary trading authorization power as they often have complex investment portfolios that require active management and quick decision-making.
4. Clients of financial advisors: Clients who engage financial advisors to handle their investments may grant discretionary trading authorization power, giving the advisor the ability to make trades without obtaining prior consent for each transaction.

Overall, discretionary trading authorization power can be useful for individuals and entities seeking to streamline and delegate their trading activities while maintaining control over their investment objectives.

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