Is it legal in the USA to make it a hiring requirement for the applicant to hold investments?

Question

I applied for a job as a copy editor with an investment firm. I am highly qualified. I was tested, then interviewed by a comittee of five. After an hour of interviewing, I was told that I was no longer under consideration because I did not meet the requirement (NOT stated in the ad) of owning investments myself. Through no fault of mine, I have not been paid a living wage in seven years. The requirement that I hold investments - to edit copy - seems absurd and of doubtful legality. It discriminates against those trying to make a comeback, and those from the lower middle class who are "afraid" of investments and who need exposure to them in order to understand them.

Answer 1

It's legal for them to use that excuse. There could be a number of reasons you weren't hired, they may have had someones relative or best friend also up for the position. I know interviewing sucks, but this company wasn't the right one for you. Better luck next time.

Answer 2

"Through no fault of mine, I have not been paid a living wage in seven years"

First, there is no such thing as a "living wage". Second, that company has no reason to help those trying to make a comeback, nor helping those who are afraid of investments. They want someone who fits in their business and understands it well. Third, through no fault of your own? What?

Answer 3

Yes, certain corperations require you to hold a certain amount of stock in order to keep atleast 51% of the company vote in the hands of the employees.

Answer 4

Whoever told you that was stupid. They do have the right but he should have just said we decided to go in a nother direction and hire someone else.

Answer 5

It is absolutely legal.