Brokers are only allowed to make trades for their clients by getting the client's permission for each trade or by getting a "blanket permission known as discretionary authority," according to the WSJ .
http://www.businessinsider.com/financial-advisor-insights-april-10-2013-4?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+clusterstock+%28ClusterStock%29
http://www.businessinsider.com/financial-advisor-insights-april-10-2013-4?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+clusterstock+%28ClusterStock%29
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