A more recent edition of NAICS is available.
2012 Edition

national industry 523910

Miscellaneous Intermediation


This industry comprises establishments primarily engaged in acting as principals (except investment bankers, securities dealers, and commodity contracts dealers) in buying or selling of financial contracts generally on a spread basis. Principals are investors that buy or sell for their own account.

The immediate parent of national industry 523910 is international industry 52391: Miscellaneous Intermediation

Illustrative Examples

  • Investment clubs
  • Tax liens dealing (i.e., acting as a principal in dealing tax liens to investors)
  • Mineral royalties or leases dealing (i.e., acting as a principal in dealing royalties or leases to investors) Venture capital companies

2012 NAICS Edition Cross References

  • Establishments primarily engaged in investment banking, securities dealing, securities brokering, commodity contracts dealing, or commodity contracts brokering are classified in Industry Group 5231, Securities and Commodity Contracts Intermediation and Brokerage.


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 523910
2007 523910
2012 523910
2017 523910
2022 523910

Insurance Industry Mappings

The US Property and Casualty Insurance Industry may use the following classification descriptions which might encompass national industry 523910, Miscellaneous Intermediation:

  1. club not otherwise classified
  2. consultant structured settlement
  3. finance and insurance
  4. intermediation misc
  5. intermediation misc naic
  6. investor nec
  7. investor not otherwise classified
  8. miscellaneous intermediation
  9. oil or gas well non operating working interest
  10. oil or gas well nonoperating working interest
  11. other financial investment activity
  12. security broker dealer and flotation company
  13. security commodity contract and other financial investment and related activity


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