523150 - Investment Banking and Securities Intermediation
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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.
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
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.
| 2007 NAICS | 2012 NAICS | 2017 NAICS | 2022 NAICS | Index Entries for 523150 |
|---|---|---|---|---|
| 523110 | 523110 | 523110 | 523150 | Banking, investment |
| 523120 | 523120 | 523120 | 523150 | Bond brokerages |
| 523110 | 523110 | 523110 | 523150 | Bond dealing (i.e., acting as a principal in dealing securities to investors) |
| 523120 | 523120 | 523120 | 523150 | Brokerages, securities |
| 523120 | 523120 | 523120 | 523150 | Certificate of deposit (CD) brokers' offices |
| 523120 | 523120 | 523120 | 523150 | Commercial note brokers' offices |
| 523110 | 523110 | 523110 | 523150 | Commercial paper dealing (i.e., acting as a principal in dealing securities to investors) |
| 523150 | Discount securities brokerages | |||
| 523110 | 523110 | 523110 | 523150 | Investment banking |
| 523110 | 523110 | 523110 | 523150 | Making markets for securities |
| 523110 | 523110 | 523110 | 523150 | Market making for securities |
| 523120 | 523120 | 523120 | 523150 | Mutual fund agencies (i.e., brokerages) |
| 523120 | 523120 | 523120 | 523150 | Mutual fund agents' (i.e., brokers') offices |
| 523150 | Online securities brokerages | |||
| 523110 | 523110 | 523110 | 523150 | Paper, dealing of commercial (i.e., acting as a principal in dealing securities to investors) |
| 523120 | 523120 | 523120 | 523150 | Securities brokerages |
| 523120 | 523120 | 523120 | 523150 | Securities brokers' offices |
| 523110 | 523110 | 523110 | 523150 | Securities dealers (i.e., acting as a principal in dealing securities to investors) |
| 523110 | 523110 | 523110 | 523150 | Securities dealing (i.e., acting as a principal in dealing securities to investors) |
| 523110 | 523110 | 523110 | 523150 | Securities distributing (i.e., acting as a principal in dealing securities to investors) |
| 523120 | 523120 | 523120 | 523150 | Securities floor brokers |
| 523110 | 523110 | 523110 | 523150 | Securities floor traders (i.e., acting as a principal in dealing securities to investors) |
| 523110 | 523110 | 523110 | 523150 | Securities flotation companies |
| 523110 | 523110 | 523110 | 523150 | Securities originating (i.e., acting as a principal in dealing securities to investors) |
| 523110 | 523110 | 523110 | 523150 | Securities trading (i.e., acting as a principal in dealing securities to investors) |
| 523110 | 523110 | 523110 | 523150 | Securities underwriting |
| 523120 | 523120 | 523120 | 523150 | Stock brokerages |
| 523120 | 523120 | 523120 | 523150 | Stock brokers' offices |
| 523120 | 523120 | 523120 | 523150 | Stock options brokerages |
| 523110 | 523110 | 523110 | 523150 | Stock options dealing (i.e., acting as a principal in dealing securities to investors) |
| 523110 | 523110 | 523110 | 523150 | Trading securities (i.e., acting as a principal in dealing securities to investors) |
| 523110 | 523110 | 523110 | 523150 | Underwriting securities |