# Kick Back (also said in German)

- Canonical URL: https://www.gerhardmerk.de/kick-back-also-said-in-german
- Post ID: 589701
- Modified: 2023-07-25T21:02:20+00:00
- Language: en

## Definition

Special type of expense riding. A financial service provider commissions a (dishonest) broker (usually based abroad) to handle a customer's order. The agent charges grossly inflated fees and gives a portion of them to the financial service provider. - In Germany, if a financial service provider has concluded such a forwarding agreement with a broker, it must clearly disclose this to the client in advance; see § 31 WpHG. - See capital market, gray, client referral, offshore financial centers, avenging angels, snake trading, expense riding. Attention: The financial encyclopedia is protected by copyright and may only be used for private purposes without express consent! 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/

## Machine-readable

- Generator: Merk Knowledge 1.1.1