It's split into restricted and
discretionary accounts.
He emphasized that Taiwan financial institutions exceed counterparts in China in financial know-how and expertise, particularly in sophisticated financial products such as asset securitization and
discretionary account operation.
Discretionary accounts allow the broker to make trades in a customer's account without obtaining prior approval.
This interest income is deposited into an interest-bearing
discretionary account from which the program/ division directors can spend.
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.
Mike Huckabee used $200,000 from his
discretionary account so the project could begin, said State Rep.
Dallas County's approach to motivating its department heads has been to create an incentive - a departmental
discretionary account (DDA) within each department's approved FY1997 line-item budget.
Pier 1 said at the end of last year that it expected to take a loss of about $20 million because of "inappropriate trading activities in a
discretionary account by a financial consultant.
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 college, in a press release, said, "By utilizing an existing
discretionary account at the college, the OneCard off-campus program provides the college community with a safe, secure, cashless and convenient way to transact on and off campus, while assuring students and parents that their funds will be spent within a college-approved merchant network.
County Supervisor Mike Antonovich, whose Fifth District includes Castaic, said Antonovich used his
discretionary account to keep the lake open through the Labor Day week and convinced the board of supervisors to allocate general-fund money to keep the lake open through the end of the month.
The money for those items used up $10,000 in still unspent money in the commissioners' joint contingency fund as well as $2,600 left in Morrison's own commissioner's
discretionary account.
I performed my recent review based on the understanding that your current objectives are trading profits and capital gains, and that your account is not a
discretionary account (a
discretionary account is one in which the customer has given written authorization for the registered representative to execute transactions without first consulting the customer).
ASIC is concerned that Monarch FX is not licensed or authorised to operate the following services: Managed
Discretionary Account (MDA) services by automatically executing trades on members' trading accounts without prior reference to those members for each transaction recommending members establish a self-managed superannuation fund (SMSF) to purchase its memberships, and then use money from their SMSF to trade in foreign exchange contracts, and arranging for its members to enter into foreign exchange contracts.
