### Question
Can you define what municipal securities broker means?


### Answer
**Municipal securities broker** is defined as the following in *15 U.S.C. § 78c*:

> a broker engaged in the business of effecting transactions in municipal securities for the account of others

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

