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.

A parody of Charles Schwab's logo that says Stand Up to Chuck

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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.


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101-125 of 17561 signatures
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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