Financial commission business

The acquisition and sale of securities, money market instruments or derivatives in one’s own name for the account of third parties. In Germany, such companies are subject to supervision by the German Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht). They also require a license pursuant to § 32 KWG. – See Investment model, collective, Securities trading bank, Placement. – Cf. BaFin Annual Report 2003, p. 74 (also with regard to unauthorized trading in participations in limited partnerships, hedge fund products and certificates of all kinds), BaFin Annual Report 2004, p. 85 (newer products on this market), BaFin Annual Report 2005, p. 190 (legal interpretation of the term), BaFin Annual Report 2009, pp: 119 f. (new classification of the facts) , p. 231 (illicit financial commission business), and the respective BaFin Annual Report.

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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
E-mail address: info@ekrah.com
https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk
https://www.jung-stilling-gesellschaft.de/merk/
https://www.gerhardmerk.de/