Government Securities Broker Law and Legal Definition
According to 15 USCS § 78c (43), the term government securities broker means “any person regularly engaged in the business of effecting transactions in government securities for the account of others, but does not include--
(A) any corporation the securities of which are government securities under subparagraph (B) or (C) of paragraph (42) of this subsection; or
(B) any person registered with the Commodity Futures Trading Commission, any contract market designated by the Commodity Futures Trading Commission, such contract market's affiliated clearing organization, or any floor trader on such contract market, solely because such person effects transactions in government securities that the Commission, after consultation with the Commodity Futures Trading Commission, has determined by rule or order to be incidental to such person's futures-related business.”
Legal Definition list
- Government Securities
- Government Publication
- Government Procurement Contract
- Government Procurement
- Government Printing Office
- Government Securities Broker
- Government Securities Dealer
- Government Service [Administrative Personnel]
- Government Sponsored Enterprise
- Government Survey
- Government Technical Monitor [HUD]
Related Legal Terms
- Abuses of Governmental Power Identified Under “Watergate”
- Accompanying the Federal Government Outside the United States
- Actively Traded Securities
- Adjustment Securities
- Affiliate of a Futures Commission Merchant, Commodity Trading Advisor, Commodity Pool Operator or Introducing Broker
- Affiliated Persons (Securities)
- Agency Sales Ticket (Securities)
- Agency Transaction (Securities)
- American Federation of Government Employees (AFGE)
- Antifraud Rule [Securities]
