dealer in securities
Defined in 2 dictionaries — Case Law, U.S. Code
Definitions from Case Law
From 315 U.S. 626 - Spreckels v. Helvering · 1942Most cited · 208 citing opinions
the dealer in securities, one who 'as a merchant buys securities and sells them to customers with a view to the gains and profits that may be derived therefrom
United States Code
26 U.S.C. § 163 — under this chapter
For purposes of this subsection, the term “disqualified debt instrument” does not include indebtedness issued by a dealer in securities (or a related party) which is payable in, or by reference to, equity (other than equity of the issuer or a related party) held by such dealer in its capacity as a dealer in securities. For purposes of this paragraph, the term “dealer in securities” has the meaning given such term by section 475.
26 U.S.C. § 475 — for purposes of this section
The term “dealer in securities” means a taxpayer who—
(A) regularly purchases securities from or sells securities to customers in the ordinary course of a trade or business; or
(B) regularly offers to enter into, assume, offset, assign or otherwise terminate positions in securities with customers in the ordinary course of a trade or business.
26 U.S.C. § 956 — under this section (3 versions over time)
For purposes of subparagraphs (I), (J), and (K), the term “dealer in securities” has the meaning given such term by section 475(c)(1), and the term “dealer in commodities” has the meaning given such term by section 475(e), except that such term shall include a futures commission merchant.