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Covered Security

   Also found in: Wikipedia 0.03 sec.
Covered Security
A security that has special exemption from state and local regulations. Thus, a covered security is only subject to federal regulations. This type of security was created in 1996 by the National Securities Markets Improvement Act, which was intended to standardize regulations for securities trading throughout the United States. As a result, most stocks traded in America are covered securities.


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where he covered security topics including firewalls, intrusion detection, intrusion prevention, security consulting and managed security services for the Security and Privacy group.
Asset and income protection: Protection of an ASP's data assets and business income in the event of a covered security breach.
A broker or dealer must have published quotations in the covered security in the OTCBB on at least 12 business days during the preceding 30 calendar days, with no more than four consecutive business days without quotations.
 
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