### Question
How does the law define market intermediary?


### Answer
Under *15 U.S.C. § 80a*, **market intermediary** is defined as:

> any person that regularly holds itself out as being willing contemporaneously to engage in, and that is regularly engaged in, the business of entering into transactions on both sides of the market for a financial contract or one or more such financial contracts

#### Citation:
  - *15 U.S.C. § 80a*
  - Heading: **CHAPTER 2D-INVESTMENT COMPANIES AND ADVISERS > SUBCHAPTER I-INVESTMENT COMPANIES**

