### Question
How is the "publicly traded securities" defined?


### Answer
The term **publicly traded securities** is defined in *26 U.S.C. § 6050L* as follows -

> securities for which (as of the date of the contribution) market quotations are readily available on an established securities market

#### Citation:
  - *26 U.S.C. § 6050L*
  - Heading: **Subtitle F-Procedure and Administration > CHAPTER 61-INFORMATION AND RETURNS > Subchapter A-Returns and Records > PART III-INFORMATION RETURNS > Subpart B-Information Concerning Transactions With Other Persons**

