Account Types
A customer grants limited power of attorney to their financial advisor. What is the advisor authorized to do?
Limited POA = trade only. Full POA = trade AND withdraw.
Complete Analysis & Legal Rationale
A limited power of attorney authorizes the advisor to execute trades but NOT to withdraw funds or make changes to account registration. Only a full power of attorney would authorize fund withdrawals. Trading authority is the core function of both limited and full POA.
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:
Does not match the governing concept in the explanation.
Matches the verified teaching point in the explanation.
Does not match the governing concept in the explanation.
Does not match the governing concept in the explanation.
Official Standard: Outline-level citation pending rule-specific upgrade. Verify against current FINRA materials.