### Question
How does SECURITIES EXCHANGES define United States security?


### Answer
Under *15 U.S.C. § 78g*, **United States security** is defined as:

> a security (other than an exempted security) issued by a person incorporated under the laws of any State, or whose principal place of business is within a State

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

