The acquisition and sale of securities, money market instruments or derivatives in the name of a third party for the account of a third party. – In Germany, such service providers are subject to supervision by the Federal Financial Supervisory Authority; see § 32 KWG. – See agent, tied, fee-based advisor, nominee, placement.

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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/

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