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

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

Insurance Industry Mappings

The US Property and Casualty Insurance Industry may use the following classification descriptions which might encompass national industry 523150, Investment Banking and Securities Intermediation:

  1. broker stock security and or mutual fund
  2. dealer stock security broker
  3. finance and insurance
  4. investment banker
  5. investment banking and security dealing
  6. investment banking and security dealing naic
  7. mutual fund share and security sale organization
  8. office stockbroker
  9. security and commodity contract intermediation and brokerage
  10. security broker dealer and flotation company
  11. security broker stock dealer
  12. security brokerage
  13. security brokerage naic
  14. security commodity contract and other financial investment and related activity
  15. security sale organization including mutual fund
  16. stock broker
  17. stock brokering
  18. stock security broker dealer
  19. stockbroker
  20. stockbroker office
  21. stockbroker security broker dealer

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