Foreign Broker Law and Legal Definition
According to 17 CFR 1.3 (Title 17 - Commodity And Securities Exchanges; Chapter I - Commodity Futures Trading Commission; Part 1- General Regulations Under The Commodity Exchange Act; Definitions), foreign broker means “any person located outside the United States, its territories or possessions who is engaged in soliciting or in accepting orders only from persons located outside the United States, its territories or possessions for the purchase or sale of any commodity interest transaction on or subject to the rules of any designated contract market or derivatives transaction execution facility and that, in or in connection with such solicitation or acceptance of orders, accepts any money, securities or property (or extends credit in lieu thereof) to margin, guarantee, or secure any trades or contracts that result or may result therefrom.”
Legal Definition list
Related Legal Terms
- Adoption Record [Foreign Relations]
- Adoption Service [Foreign Relations]
- Affect Interstate And Foreign Commerce
- Affiliate of a Futures Commission Merchant, Commodity Trading Advisor, Commodity Pool Operator or Introducing Broker
- Agency or Instrumentality of a Foreign State
- Agent of a Foreign Power
- Agent of a Foreign Principal
- American Foreign Policy Council [AFPC]
- Area Management Broker [AMB]
- Associated Person of a Broker or Dealer
