2017 NAICS Definition

T = Canadian, Mexican, and United States industries are comparable.

523910 Miscellaneous Intermediation

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

Illustrative Examples:

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


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 and Commodity Contracts Intermediation and Brokerage.

2007 NAICS		2012 NAICS		2017 NAICS		Corresponding Index Entries
523910		523910		523910		Individuals investing in financial contracts on own account
523910		523910		523910		Investment clubs
523910		523910		523910		Mineral royalties or leases dealing (i.e., acting as a principal in dealing royalties or leases to investors)
523910		523910		523910		Mortgage dealers, buying and selling
523910		523910		523910		Oil royalty dealing (i.e., acting as a principal in dealing royalties to investors)
523910		523910		523910		Securities speculators for own account
523910		523910		523910		Tax liens dealing (i.e., acting as a principal in dealing tax liens to investors)
523910		523910		523910		Venture capital companies
523910		523910		523910		Viatical settlement companies