NAICS Code 523120

NAICS 523120

NAICS Code 523120 – Securities Brokerage

Definition of NAICS Code 523120: This industry comprises establishments primarily engaged in acting as agents (i.e., brokers) between buyers and sellers in buying or selling securities on a commission or transaction fee basis.

  • You can also download your own copy of the complete 2017 NAICS Classification Manual. The NAICS Manual is updated every five years. The 2017 copy will be applicable until a new edition is produced in 2022.

Illustrative Examples of NAICS 523120

What are some examples of this code? The bulleted items below are illustrative examples of this classification.

  • Mutual fund agencies (i.e., brokerages)
  • Stock brokerages
  • Securities brokerages

Cross Reference Guide for Code 523120

What codes are similar to this classification that might be a more applicable code? The cross-reference guide below displays the codes for other similar industries. Please review to find the most applicable classification.

  • Establishments primarily engaged in investment banking and securities dealing (i.e., buying or selling securities on their own account) are classified in Industry NAICS 523110, Investment Banking and Securities Dealing.

Other Index Entries for NAICS 523120

The North American Industry Classification System contains multiple index entries that are each descriptive of the same code. The bulleted list below shows all applicable index entries (Current and former) that are associated with this classification. These index entries further elaborate on the scope of applicable industries that have already been defined at the top of this page.

  • Bond brokerages
  • Brokerages, securities
  • Certificate of deposit (CD) brokers’ offices
  • Commercial note brokers’ offices
  • Mutual fund agencies (i.e., brokerages)
  • Mutual fund agents’ (i.e., brokers’) offices
  • Securities brokerages
  • Securities brokers’ offices
  • Securities floor brokers
  • Stock brokerages
  • Stock brokers’ offices
  • Stock options brokerages
Suggested Insurance Conversion Table for NAICS Code 523120

Looking for an insurance classification other than the North American Industry Classification System? If a company falls within the industry defined on this page, then the class codes mentioned below may be applicable. Please note that the bulleted cross-reference guide below is not authoritative. Users should have an insurance professional review to ensure proper insurance classification.

  • NCCI WC (Varies by state): 8742NAICS 523120
  • CA WC: 8742
  • DE WC: 951
  • PA WC: 951
  • MI WC: 8742
  • NJ WC: 8742
  • NY WC: 8742
  • WY WC: 523120
  • GL: 47367
  • SIC: 6211

Resources: Praxiom, AceGroupTDICalifornia Division of Workers Compensation, Delaware Workers Compensation Manual, Pennsylvania Workers Compensation Manual, Michigan Workers’ Compensation Placement Facility: Classification Definitions, New Jersey Workers Compensation and Employers Liability Insurance Manual, New York Workers Compensation and Employers Liability, North American Industry Classification System, Florida Underwriting Guide: Commercial General Liability Classifications,  Standard Industrial Classifications.

The suggested cross reference guide for NAICS code 523120 is based on our research using the resources cited above. For an authoritative cross reference guide, you will need to purchase IRMI’s Classification Cross-Reference Guide.

Correlating Code Breakdown for North American Industry Classification System

NAICS codes are broken down by digit. The broadest description starts with the 2 digit sector codes. The 3 digit subsector codes are more specific, then the 4 digit industry group, 5 digit industry, and the most specific is the 6 digit NAICS code (Where you are now). If the code on this page does not describe the industry of the business in question, then select the largest applicable code below. From there, follow through the progression of smaller digits to the larger digits in order to obtain the most specific 6 digit classification.

  • 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
  • Industry 52312: Securities Brokerage
  • 6 Digit Code(s) NAICS 523120: Securities Brokerage
Other helpful NAICS Downloads

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NAICS Code 523120