2022 Edition

national industry 523150

Investment Banking and Securities Intermediation

Overview

This industry comprises establishments primarily engaged in underwriting, originating, and/or maintaining markets for issues of securities, or acting as agents (i.e., brokers) between buyers and sellers in buying or selling securities on a commission or transaction fee basis. 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 523150 is international industry 52315: Investment Banking and Securities Intermediation

Illustrative Examples

  • Bond dealing (i.e., acting as a principal in dealing securities to investors)
  • Mutual fund agencies (i.e., brokerages)
  • Securities brokerages
  • Securities underwriting
  • Stock brokerages
  • Stock options dealing

2022 NAICS Edition Cross References

  • 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; and
  • Establishments primarily engaged in accepting deposits and lending funds from these deposits are classified in Industry Group 5221, Depository Credit Intermediation.

Sub-Descriptions

  1. 523150 - Banking, investment
  2. 523150 - Bond brokerages
  3. 523150 - Bond dealing (i.e., acting as a principal in dealing securities to investors)
  4. 523150 - Brokerages, securities
  5. 523150 - Certificate of deposit (CD) brokers' offices
  6. 523150 - Commercial note brokers' offices
  7. 523150 - Commercial paper dealing (i.e., acting as a principal in dealing securities to investors)
  8. 523150 - Discount securities brokerages
  9. 523150 - Investment banking
  10. 523150 - Making markets for securities
  11. 523150 - Market making for securities
  12. 523150 - Mutual fund agencies (i.e., brokerages)
  13. 523150 - Mutual fund agents' (i.e., brokers') offices
  14. 523150 - Online securities brokerages
  15. 523150 - Paper, dealing of commercial (i.e., acting as a principal in dealing securities to investors)
  16. 523150 - Securities brokerages
  17. 523150 - Securities brokers' offices
  18. 523150 - Securities dealers (i.e., acting as a principal in dealing securities to investors)
  19. 523150 - Securities dealing (i.e., acting as a principal in dealing securities to investors)
  20. 523150 - Securities distributing (i.e., acting as a principal in dealing securities to investors)
  21. 523150 - Securities floor brokers
  22. 523150 - Securities floor traders (i.e., acting as a principal in dealing securities to investors)
  23. 523150 - Securities flotation companies
  24. 523150 - Securities originating (i.e., acting as a principal in dealing securities to investors)
  25. 523150 - Securities trading (i.e., acting as a principal in dealing securities to investors)
  26. 523150 - Securities underwriting
  27. 523150 - Stock brokerages
  28. 523150 - Stock brokers' offices
  29. 523150 - Stock options brokerages
  30. 523150 - Stock options dealing (i.e., acting as a principal in dealing securities to investors)
  31. 523150 - Trading securities (i.e., acting as a principal in dealing securities to investors)
  32. 523150 - 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 523120
2007 523110 523120
2012 523110 523120
2017 523110 523120
2022 523150

Standard Industrial Classification (SIC) Mappings

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

Insurance Industry Mappings

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

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