Government Securities Dealer Law and Legal Definition
According to 15 USCS § 78c (44), the term government securities dealer means “any person engaged in the business of buying and selling government securities for his own account, through a broker or otherwise, but does not include--
(A) any person insofar as he buys or sells such securities for his own account, either individually or in some fiduciary capacity, but not as a part of a regular business;
(B) any corporation the securities of which are government securities under subparagraph (B) or (C) of paragraph (42) of this subsection;
(C) any bank, unless the bank is engaged in the business of buying and selling government securities for its own account other than in a fiduciary capacity, through a broker or otherwise; or
(D) 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 Broker
- Government Securities
- Government Publication
- Government Procurement Contract
- Government Procurement
- Government Securities Dealer
- Government Service [Administrative Personnel]
- Government Sponsored Enterprise
- Government Survey
- Government Technical Monitor [HUD]
- Government Technical Representative [HUD]
Related Legal Terms
- Abuses of Governmental Power Identified Under “Watergate”
- Accompanying the Federal Government Outside the United States
- Actively Traded Securities
- Adjustment Securities
- Affiliated Persons (Securities)
- Agency Sales Ticket (Securities)
- Agency Transaction (Securities)
- American Federation of Government Employees (AFGE)
- Antifraud Rule [Securities]
- Art Dealers Association of America
