Investment Banking and Securities Intermediation

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.

IRI: http://lmss.sali.org/uF5peA3LSQStw_jNvwgv8g
Branch: Industry and Market
Source: https://www.naics.com/six-digit-naics/?code=523150

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

Ancestry path

Industry and Market Industry Finance and Insurance Services Industry Securities, Commodity Contracts, and Other Financial Investments and Related Activities Industry Securities and Commodity Contracts Intermediation and Brokerage Investment Banking and Securities Intermediation

Generated from sali-legal/LMSS at 3f9ac0c9357b (2026-03-10). JSON