NAICS Code 52315 — Investment Banking and Securities Intermediation

NAICS Industry in the official 2022 North American Industry Classification System (U.S. Census Bureau). It contains 1 direct sub-code.

Code	52315
Title	Investment Banking and Securities Intermediation
Level	NAICS Industry (5-digit)
Edition	NAICS 2022 edition

Official definition (2022 NAICS)

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.

This national industry shares the official Census description of 523150.

Where 52315 sits in the hierarchy

Level	Code	Title
Sector	52	Finance and Insurance
Subsector	523	Securities, Commodity Contracts, and Other Financial Investments and Related Activities
Industry Group	5231	Securities and Commodity Contracts Intermediation and Brokerage
NAICS Industry	52315	Investment Banking and Securities Intermediation

Codes under 52315

Code	Title
523150	Investment Banking and Securities Intermediation

Related NAICS Industry codes

• 52316 — Commodity Contracts Intermediation

Data: official 2022 NAICS structure, descriptions and Census concordances, U.S. Census Bureau — U.S. government works in the public domain (17 U.S.C. §105). Suggested reference, not an official determination.