### Question
How does ORDERLY LIQUIDATION AUTHORITY define covered broker or dealer?


### Answer
Under *12 U.S.C. § 5381*, **covered broker or dealer** is defined as:

> a covered financial company that is a broker or dealer that—


(A) is registered with the Commission under section 78o(b) of title 15

#### Citation:
  - *12 U.S.C. § 5381*
  - Heading: **CHAPTER 53-WALL STREET REFORM AND CONSUMER PROTECTION > SUBCHAPTER II-ORDERLY LIQUIDATION AUTHORITY**

