This letter authorizes a stockbroker to buy or sell stock on your behalf. Given the frenetic nature of the market, a letter should only be used to buy or sell stock that is not particularly volatile.
1234, Main Street
Boston, MA 02123
05 April, 2005
<Recipient Address Goes Here>
Hello,
After careful consideration, I have decided that I would like to <buy/sell> <number of shares> shares of <company name> stock. I believe the current stock price is <$amount> per share. I am hereby authorizing you to conduct this transaction on my behalf. I would appreciate receiving written confirmation that this <purchase/sale> has been completed.
Thank you for your assistance in this matter.
Regards,
Jim Karter
encl: <List of enclosed items goes here>
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