(Types of Securities Firms)
Anyone which operates any of the securities businesses specified in the preceding Article shall be a securities firm; securities firms may be categorized into:
- a "securities underwriter" operates the business specified in subparagraph 1 of the preceding Article.
- a "securities dealer" operates the business specified in subparagraph 2 of the preceding Article.
- a "securities broker" operates the business specified in subparagraph 3 of the preceding Article.