A more recent edition of NAICS is available.
2012 Edition

national industry 523110

Investment Banking and Securities Dealing

Overview

This industry comprises establishments primarily engaged in underwriting, originating, and/or maintaining markets for issues of securities. Investment bankers act as principals (i.e., investors who buy or sell on their own account) in firm commitment transactions or act as agents in best effort and standby commitments. This industry also includes establishments acting as principals in buying or selling securities generally on a spread basis, such as securities dealers or stock option dealers.

The immediate parent of national industry 523110 is international industry 52311: Investment Banking and Securities Dealing

Illustrative Examples

  • Bond dealing (i.e., acting as a principal in dealing securities to investors) Stock option dealing
  • Securities underwriting

2012 NAICS Edition Cross References

  • Establishments primarily engaged in acting as agents (i.e., brokers) in buying or selling securities on a commission or transaction fee basis are classified in Industry 523120, Securities Brokerage; and
  • Investment clubs or individual investors primarily engaged in buying or selling financial contracts (e.g., securities) on their own account are classified in Industry 523910, Miscellaneous Intermediation.

Sub-Descriptions

  1. 523110 - Banking, investment
  2. 523110 - Bond dealing (i.e., acting as a principal in dealing securities to investors)
  3. 523110 - Commercial paper dealing (i.e., acting as a principal in dealing securities to investors)
  4. 523110 - Investment banking
  5. 523110 - Making markets for securities
  6. 523110 - Market making for securities
  7. 523110 - Paper, dealing of commercial (i.e., acting as principal in dealing securities to investors)
  8. 523110 - Securities dealers (i.e., acting as a principal in dealing securities to investors)
  9. 523110 - Securities dealing (i.e., acting as a principal in dealing securities to investors)
  10. 523110 - Securities distributing (i.e., acting as a principal in dealing securities to investors)
  11. 523110 - Securities floor traders (i.e., acting as a principal in dealing securities to investors)
  12. 523110 - Securities flotation companies
  13. 523110 - Securities originating (i.e., acting as a principal in dealing securities to investors)
  14. 523110 - Securities trading (i.e., acting as a principal in dealing securities to investors)
  15. 523110 - Securities underwriting
  16. 523110 - Stock options dealing (i.e., acting as a principal in dealing securities to investors)
  17. 523110 - Trading securities (i.e., acting as a principal in dealing securities to investors)
  18. 523110 - Underwriting securities

History

The NAICS editions in which this code was present are indicated below. In the event that a code was changed from the prior edition the equivalent value in that edition is provided for reference.

Edition Existed Equivalent Value
2002 523110
2007 523110
2012 523110
2017 523110
2022 523150

Standard Industrial Classification (SIC) Mappings

  1. 6211 - Security Brokers, Dealers, and Flotation Companies

Insurance Industry Mappings

Mappings are not available for this combination of NAICS code and edition.

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