### Question
How is the term publicly traded security defined?


### Answer
The term **publicly traded security** is defined in *15 U.S.C. § 78m* as the following:

> any equity security (including an option on individual equity securities, and an option on a group or index of such securities) listed, or admitted to unlisted trading privileges, on a national securities exchange, or quoted in an automated interdealer quotation system

#### Citation:
  - *15 U.S.C. § 78m*
  - Heading: **CHAPTER 2B-SECURITIES EXCHANGES**

