NAICS Code 523910 Miscellaneous Intermediation

Industry

Finance and Insurance

Description

This industry comprises establishments primarily engaged in acting as principals (except investment bankers, securities dealers, and commodity contracts dealers) in buying or selling of financial contracts generally on a spread basis. Principals are investors that buy or sell for their own account.

Cross References

Establishments primarily engaged in investment banking, securities dealing, securities brokering, commodity contracts dealing, or commodity contracts brokering are classified in Industry Group 5231, Securities andCommodity Contracts Intermediation and Brokerage.

Illustrative Examples

  • Venture capital companies
  • Mineral royalties or leases dealing (i.e., acting as a principal in dealing royalties or leases to investors)
  • Tax liens dealing (i.e., acting as a principal in dealing tax liens to investors)
  • Investment clubs

Industries Included

  • Individuals investing in financial contracts on own account
  • Investment clubs
  • Mineral royalties or leases dealing (i.e., acting as a principal in dealing royalties or leases to investors)
  • Mineral royalty or leases dealing (i.e., acting as a principal in dealing royalty or leases to investors)
  • Mortgage dealers, buying and selling
  • Oil royalty dealing (i.e., acting as a principal in dealing royalties to investors)
  • Oil royalty dealing (i.e., acting as a principal in dealing royalty to investors)
  • Securities speculators for own account
  • Tax liens dealing (i.e., acting as a principal in dealing tax liens to investors)
  • Venture capital companies
  • Viatical settlement companies

Industry Leaders