Banks must disclose internal commissions
![](https://www.taiyolegal.at/wp-content/uploads/2018/06/Legal-Update-2018-05-17-e1529499863112.jpg)
An investment firm violated the Securities Supervision Act when brokering securities to an investor. The investment firm should have disclosed to the investor the receipt of sales-related commission. This disclosure was mandatory due to a conflict of interest between the investor and the service provider which granted the commission. According to a recent decision by the Supreme Court for Civil Matters, this violation of the Securities Supervision Act can also be grounds for damages claims against the investment firm. (4Ob94/17b)
17. May 2018