This is often used when a client doesn`t know much about investments and trusts the broker to properly manage their account. In cases where the client is a competent investor, limited authorization may allow the client to benefit from the broker`s recommendations. Limited trading authorization is a level of discretionary trading authorization that gives an agent or broker the authority to place orders or make requests on a client`s account. The limited authorization to trade allows the agent to act on behalf of an investor, but does not authorize the payment of account money. Trading authorization documentation is common in most brokerage firms. Brokerage firms across the industry, from Edward Jones to Morgan Stanley, offer their clients the option to designate a trading authorization for an agent….