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 523110 Investment Banking and Securities Dealing

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.

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.
    No change 1997 to 2002 2002 NAICS to 1987 SIC 1997Economic Census Bridge Between 1997 NAICS and SIC
    2002
    NAICS    		1997
    NAICS    		1987
    SIC    		Corresponding Index Entries
    5231105231106211Banking, investment
    5231105231106211Bond dealing (i.e., acting as a principal in dealing securities to investors)
    5231105231106211Commercial paper dealing (i.e., acting as a principal in dealing securities to in
    5231105231106211Investment banking
    5231105231106211Making markets for securities
    5231105231106211Market making for securities
    5231105231106211Paper, dealing of commercial (i.e., acting as principal in dealing securities to
    5231105231106211Securities dealers (i.e., acting as a principal in dealing securities to investor
    5231105231106211Securities dealing (i.e., acting as a principal in dealing securities to investor
    5231105231106211Securities distributing (i.e., acting as a principal in dealing securities to inv
    5231105231106211Securities floor traders (i.e., acting as a principal in dealing securities to in
    5231105231106211Securities flotation companies
    5231105231106211Securities originating (i.e., acting as a principal in dealing securities to inve
    5231105231106211Securities trading (i.e., acting as a principal in dealing securities to investor
    5231105231106211Securities underwriting
    5231105231106211Stock options dealing (i.e., acting as a principal in dealing securities to inves
    5231105231106211Trading securities (i.e., acting as a principal in dealing securities to investor
    5231105231106211Underwriting securities