Stand up to Chuck: Demand that Charles Schwab Corporation Stop Denying Its Customers' Rights
Call on the Charles Schwab to Drop the Forced Arbitration Clause and Class-Action Ban from Its Terms
Charles Schwab & Co., Inc. — a well-known investment advisor holding more than $2 trillion in assets for millions of investors — is trying to eviscerate its customers’ rights.
In the fine print of Schwab’s terms of service, there’s a forced arbitration clause and a ban on consumers joining together in class actions.
Sign the petition to tell Charles Schwab that nobody should have to sacrifice their rights in order to save for retirement.
Petition to Charles Schwab Corporation:
We, the undersigned, call on Charles Schwab & Co., Inc. to remove from its terms for investors the forced arbitration clause and the ban on joining together in class actions. Schwab should honor its customers’ rights and end its shameful fight against the Financial Industry Regulatory Authority.
Spread the Word
What Do These Stealth Provisions Do?
The forced arbitration clause means that if you ever have a dispute with the company, you can’t go to a public court. You’ll have to go to a private, secretive tribunal chosen for you by Charles Schwab.
Class-action bans prevent you from banding together with other customers to hold these firms accountable for deceptive, fraudulent and illegal practices. So if Schwab misled investors and caused them to lose their hard-earned savings, only those few with the time and resources to seek justice individually – in costly and secret arbitration that is stacked against them – stand a chance to recover their losses. Meanwhile, Schwab can escape real accountability for potential bad actions.
|Number||Date||Name||Add a Comment|
|17461||Sun May 12 21:33:23 EDT 2013||lori acevedo|
|17460||Sun May 12 21:33:02 EDT 2013||carol kinsey|
|17459||Sun May 12 03:26:04 EDT 2013||Susan Lanes|
|17458||Sat May 11 19:49:20 EDT 2013||Edward P. Witham, Jr.|
|17457||Sat May 11 14:05:43 EDT 2013||Bernita B Smith|
|17456||Sat May 11 13:17:17 EDT 2013||George McDill|
|17455||Sat May 11 04:46:46 EDT 2013||beth gehman|
|17454||Fri May 10 21:01:05 EDT 2013||Elizabeth McCloskey|
|17453||Fri May 10 20:52:11 EDT 2013||C McGee|
|17452||Fri May 10 15:20:12 EDT 2013||Francisco Sarmiento|
|17451||Fri May 10 14:31:34 EDT 2013||Matt Vander Werf|
|17450||Thu May 09 22:45:32 EDT 2013||Anonymous|
|17449||Thu May 09 21:41:17 EDT 2013||M. David Stone|
|17448||Thu May 09 12:57:53 EDT 2013||Anonymous|
|17447||Thu May 09 12:14:18 EDT 2013||Ashley Schutt|
|17446||Thu May 09 00:56:35 EDT 2013||Dimitri Stoupis|
|17445||Wed May 08 23:20:23 EDT 2013||Eleni Hagen|
|17444||Wed May 08 22:45:23 EDT 2013||Greg Tompkins|
|17443||Wed May 08 22:07:25 EDT 2013||Terry Arndt||The best way to deal with businesses like yours is to not do business with you. Clearly you are not operating in the best interests of your customers. Keeping that in mind, I will no longer be doing any More....|
|17442||Wed May 08 21:55:03 EDT 2013||Sarah Ragalyi|
|17441||Wed May 08 21:41:48 EDT 2013||Diane Abercrombie|
|17440||Wed May 08 20:31:15 EDT 2013||J. David Follett|
|17439||Wed May 08 20:10:50 EDT 2013||nancy blastos|
|17438||Wed May 08 19:45:18 EDT 2013||Jesse Brookstein|
|17437||Wed May 08 15:11:33 EDT 2013||Nancy Cambon|
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