It’s no secret that the financial industry is a big target of activist investors, who are now targeting companies with little or no financial assets.
For example, a recent report from the Better Business Bureau found that the average consumer is “highly likely” to be the target of an investment boycott in 2017.
“Consumer boycotts are becoming increasingly common and are being used to further drive the divestment of businesses,” said the BBB, which noted that “many companies are taking a more cautious approach to investing in new ventures, and some are even moving away from the financial services industry altogether.”
While a boycott might seem like a great idea for a few companies, it’s not always the case.
Here are the basics of how to manage financial freedom in the United States, and how to make it easier to do so in the future.
What are the types of companies that can be targeted?
There are a number of types of financial institutions that can become targets of financial boycott: Banks and financial institutions: In order to get the most out of your financial independence, it is important to understand what kind of business you are targeting.
Banks and credit unions are among the most popular financial institutions in the U.S. But they’re also vulnerable to boycotts, as they can be sued for violating the anti-discrimination laws of their states.
There are also federal laws that allow states to sue companies that discriminate based on race, religion, gender, disability, sexual orientation, age or other factors.
The U.K., Germany, Italy and the Netherlands have laws in place to protect people from discrimination based on sexual orientation and gender identity.
Companies in these countries are legally protected from the boycott because the laws apply to both employees and customers.
For more information on how to protect your financial and tax rights, see our list of 10 Best Places to Start Protecting Your Financial Freedom.
Credit unions: While credit unions, mutual funds and other financial institutions are legal targets, they can also be targeted for boycotts.
In fact, the U