retail customer
Defined in 1 place of the United States Code.
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.
Source
- 2014–present15 U.S.C. § 80BCommerce and Trade · Rules, regulations, and orders of Commission · under this subchapter
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.
The Commission shall—
Source
- 2010–201415 U.S.C. § 80BCommerce and Trade · Rules, regulations, and orders of Commission · under this subchapter