retail customer
Defined in 1 dictionary — U.S. Code
United States Code
15 U.S.C. § 80B — under this subchapter (2 versions over time)
For purposes of this subsection, the term “retail customer” means a natural person, or the legal representative of such natural person, who—
(A) receives personalized investment advice about securities from a broker, dealer, or investment adviser; and
(B) uses such advice primarily for personal, family, or household purposes.