Rule D-10 "Discretionary Account"

Request for Comment

The MSRB sought comment on draft amendments to Rule D-10. View the request for comment.

"Discretionary Account"

The term "discretionary account" shall mean the account of a customer carried or introduced by a broker, dealer, or municipal securities dealer with respect to which such broker, dealer, or municipal securities dealer is authorized to determine what municipal securities will be purchased, sold or exchanged by or for the account.