### Question
Can you define what person regulated by the Commission means?


### Answer
**Person regulated by the Commission** is defined as the following in *12 U.S.C. § 5481*:

> a person who is—


(A) a broker or dealer that is required to be registered under the Securities Exchange Act of 1934 [15 U.S.C. 78a et seq.]

#### Citation:
  - *12 U.S.C. § 5481*
  - Heading: **CHAPTER 53-WALL STREET REFORM AND CONSUMER PROTECTION > SUBCHAPTER V-BUREAU OF CONSUMER FINANCIAL PROTECTION**

