### Question
What is the definition of municipal securities broker?


### Answer
The definition of **municipal securities broker** is as follows 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 2A-SECURITIES AND TRUST INDENTURES > SUBCHAPTER III-TRUST INDENTURES**

