### Question
How is the term government securities dealer defined?


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

> 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 2B-SECURITIES EXCHANGES**

