### Question
Can you define what publicly traded employer securities means?


### Answer
**Publicly traded employer securities** is defined as the following in *29 U.S.C. § 1054*:

> employer securities which are readily tradable on an established securities market

#### Citation:
  - *29 U.S.C. § 1054*
  - Heading: **CHAPTER 18-EMPLOYEE RETIREMENT INCOME SECURITY PROGRAM > SUBCHAPTER I-PROTECTION OF EMPLOYEE BENEFIT RIGHTS > Subtitle B-Regulatory Provisions > part 2-participation and vesting**

