# Miscellaneous Intermediation

**IRI:** https://folio.openlegalstandard.org/Hnpg2Vu7QY6s1o0LsVrwPw

## Labels

## Definition

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.

## Examples

- Investment clubs
- 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)
- Venture capital companies

## Sub Class Of

- https://folio.openlegalstandard.org/Y6-2VPhwT7-BJDo9edNNeA

**Is Defined By:** https://www.naics.com/six-digit-naics/?code=523910

**Deprecated:** False