If you're in the mob, this term includes leg breaking, awl-in-nostril-shoving, and potential sleeping-with-the-fishes-type scenarios. Outside the mob, it just means using something other than a lawsuit to figure out conflict. This technique can include things like arbitration or using a mediator to attempt to resolve a dispute. So you get more Social Network and less Goodfellas. And yes, some of these glossary terms really are what they sound like they should be about.
Related or Semi-related Video
Finance: What is Acting Against Recommen...2 Views
finance a la shmoop what is acting against recommendations hmm
let's say you head to the emergency room with stomach pains the doctor in charge [Man driving fast with stomach pains]
says yep you've got appendicitis but I'm brutally
tired so I recommend you go home well odds are if the doc himself had [Doctor in pain with stomach pains]
appendicitis he'd get someone to take that puppy out stat acting against
recommendations is kind of like that just in the financial world if your
broker tells you to do something he wouldn't recommend for his own [Man discussing finance with his broker]
investments well he has a duty to tell you that he wouldn't do that same thing
in his own case that usually happens when some bonehead tells a broker, hey I
want to bet my life savings on this new IPO well why would anyone act against
recommendations well in the case of the doc maybe he's so tired that he's a [Doctor holding scalpel and falls to the floor]
dangerous menace in the O.R... In the case of your broker well maybe there's
something about your specific situation that makes acting against recommendation
the way to go well as long as they tell you that it's against recommendations
well, they're legally in the cure just don't ask that broker to perform
your kidney transplant [Broker walks into office]
Up Next
What is a Compliance Department? Every time there is a catastrophic financial crisis, criminal or foreign attack, Congress reactively enacts more l...
What is Contingent Liability? Contingent liability refers to a possible liability in the future contingent upon some other event being the trigger....
What is Arbitration? Arbitration is like court for the financial world. It is used to settle disputes between investors and their brokers. An inves...
Inter-vivos translates to "between the living." It's an estate-planning vehicle that allows a trustor to transfer assets to trustees.