### Question
How is the term registered broker or dealer defined?


### Answer
The term **registered broker or dealer** is defined in *15 U.S.C. § 78c* as the following:

> a broker or dealer registered or required to register pursuant to section 78*o* or 78*o*–4 of this title, except that in paragraph (3) of this subsection and sections 78f and 78*o*–3 of this title the term means such a broker or dealer and a government securities broker or government securities dealer registered or required to register pursuant to section 78*o*–5(a)(1)(A) of this title

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

