{
  "@context": [
    "https://schema.org",
    {
      "ec": "https://entitycodes.org/vocab#"
    }
  ],
  "@type": "DefinedTerm",
  "@id": "https://entitycodes.org/naics/523150/",
  "identifier": "523150",
  "name": "Investment Banking and Securities Intermediation",
  "description": "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.",
  "url": "https://entitycodes.org/naics/523150/",
  "inDefinedTermSet": {
    "@type": "DefinedTermSet",
    "name": "NAICS 2022",
    "url": "https://entitycodes.org/naics/"
  },
  "sameAs": [
    "https://www.census.gov/naics/?input=523150&year=2022"
  ],
  "additionalProperty": [
    {
      "@type": "PropertyValue",
      "name": "SBA size standard",
      "value": "$47,000,000 receipts",
      "unitText": "USD receipts",
      "description": "13 CFR 121.201, as-of 2023-03-17"
    },
    {
      "@type": "PropertyValue",
      "name": "IRS PBA code",
      "value": "523150",
      "description": "IRS Principal Business Activity code (method: exact)"
    }
  ],
  "ec:crosswalk": [
    {
      "system": "SIC 1987",
      "code": "6211",
      "title": "Security Brokers, Dealers, and Flotation Companies",
      "confidence": "chain",
      "via": "SIC1987:6211\u2192NAICS1997:52312\u21922002:523120\u21922007:523120\u21922012:523120\u21922017:523120\u21922022:523150",
      "url": "https://entitycodes.org/sic/6211/"
    }
  ],
  "ec:provenance": {
    "definition": {
      "source": "US Census 2022 NAICS Manual",
      "type": "US gov \u2014 public domain"
    },
    "crosswalk": {
      "source": "Census NAICS\u2194SIC concordance",
      "method": "transitive chain (NOT direct)"
    },
    "sba_size_standard": {
      "source": "SBA Table of Size Standards (13 CFR 121.201)",
      "as_of": "2023-03-17"
    }
  },
  "license": "https://www.usa.gov/government-works",
  "dateModified": "2026-07-21",
  "isPartOf": {
    "@type": "DefinedTerm",
    "identifier": "5231",
    "name": "Securities and Commodity Contracts Intermediation and Brokerage",
    "@id": "https://entitycodes.org/naics/5231/"
  }
}