### Question
Can you define what government securities dealer means?


### Answer
**Government securities dealer** is defined as the following in *15 U.S.C. § 78c*:

> 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

#### Citation:
  - *15 U.S.C. § 78c*
  - Heading: **CHAPTER 2A-SECURITIES AND TRUST INDENTURES > SUBCHAPTER III-TRUST INDENTURES**

