Introducing Broker Law and Legal Definition
According to 7 USCS § 1a (23), the term introducing broker means "any person (except an individual who elects to be and is registered as an associated person of a futures commission merchant) engaged in soliciting or in accepting orders for the purchase or sale of any commodity for future delivery on or subject to the rules of any contract market or derivatives transaction execution facility who does not accept any money, securities, or property (or extend 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
- Affiliate of a Futures Commission Merchant, Commodity Trading Advisor, Commodity Pool Operator or Introducing Broker
- Area Management Broker [AMB]
- Associated Person of a Broker or Dealer
- Automated Broker Interface
- Broker (Health Care)
- Broker for Sale
- Broker or Dealer
- Broker's Lien
- Broker’s Price Opinion
- Brokerage Company
