introducing broker

(A) In general 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— (aa) the purchase or sale of any commodity for future delivery, security futures product, or swap; (bb) any agreement, contract, or transaction described in section 2(c)(2)(C)(i) of this title or section 2(c)(2)(D)(i) of this title ; (cc) any commodity option authorized under section 6c of this title ; or (dd) any leverage transaction authorized under section 23 of this title ; and (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

None identified. Default scope is assumed to be the entire title.
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