MANDATE
23 May 2016 By PDSNETWhen you open a stockbroking account you will be required to sign a mandate - which is an agreement between you and your broker which determines the extent of his control over your account. A discretionary mandate gives your broker complete control over your funds - he can buy or sell any shares without asking you. A non-discretionary account means that your broker never looks at your account and you make all the buy and sell decisions. We advise you to insist on non-discretionary mandate so that you get to make all your own decisions.
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