introducing broker

(A)The term “introducing broker” means any person (except an individual who elects to be and is registered as an associated person of a futures commission merchant)— (i)who— (I)is engaged in soliciting or in accepting orders for— (II)does not accept any money, securities, or property (or extend credit in lieu thereof) to margin, guarantee, or secure any trades or contracts that result or may result therefrom; or (ii)who is registered with the Commission as an introducing broker.

Source

7 USC § 1a(31)(A)


Scoping language

As used in this chapter
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