In your interest.
Online Personal Finance Magazine
No beating about the bush.
Over the past two years of its existence, MoneyLIFE has strongly flagged the issue of brokers asking investors to sign a Power of Attorney (PoA) giving them access to the investors’ depository participant (DP) account. Active investors do sign such a PoA as a matter of convenience and to avoid constantly signing DP instruction slips to meet the T+2 settlement norms. But that is a conscious...