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.

Illustrative Examples:

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


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.
2007
NAICS
  2012
NAICS
  2017
NAICS
  Corresponding Index
Entries
523110 523110 523110  Banking, investment
523110 523110 523110  Bond dealing (i.e., acting as a principal in dealing securities to investors)
523110 523110 523110  Commercial paper dealing (i.e., acting as a principal in dealing securities to investors)
523110 523110 523110  Investment banking
523110 523110 523110  Making markets for securities
523110 523110 523110  Market making for securities
523110 523110 523110  Paper, dealing of commercial (i.e., acting as principal in dealing securities to investors)
523110 523110 523110  Securities dealers (i.e., acting as a principal in dealing securities to investors)
523110 523110 523110  Securities dealing (i.e., acting as a principal in dealing securities to investors)
523110 523110 523110  Securities distributing (i.e., acting as a principal in dealing securities to investors)
523110 523110 523110  Securities floor traders (i.e., acting as a principal in dealing securities to investors)
523110 523110 523110  Securities flotation companies
523110 523110 523110  Securities originating (i.e., acting as a principal in dealing securities to investors)
523110 523110 523110  Securities trading (i.e., acting as a principal in dealing securities to investors)
523110 523110 523110  Securities underwriting
523110 523110 523110  Stock options dealing (i.e., acting as a principal in dealing securities to investors)
523110 523110 523110  Trading securities (i.e., acting as a principal in dealing securities to investors)
523110 523110 523110  Underwriting securities