Account Types
Which of the following orders would NOT require a written power of attorney?
No POA needed when customer provides: which security AND how many shares.
Complete Analysis & Legal Rationale
When a customer specifies the security (ABC) and quantity (100 shares) but gives the representative discretion only over time and/or price, this is time and price discretion, which requires only verbal authorization - no written POA needed.
Distractor Autopsy (Why Other Options Are Traps)
FINRA exam writers design incorrect distractors using specific calculation mistakes and regulatory misconceptions. Review why each option succeeds or fails:
This gives discretion over which securities to buy, requiring written POA.
Matches the verified teaching point in the explanation.
This gives discretion over which securities and amounts, requiring written POA.
Full discretionary authority requires written POA.
Official Standard: Outline-level citation pending rule-specific upgrade. Verify against current FINRA materials.