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|
|17436||Wed May 08 13:34:13 EDT 2013||H GRAY|
|17435||Wed May 08 07:33:14 EDT 2013||David and Susanne S Arbiter|
|17434||Wed May 08 06:59:23 EDT 2013||Cynthia Walker|
|17433||Tue May 07 21:25:29 EDT 2013||Ada C Shaum|
|17432||Tue May 07 21:20:47 EDT 2013||Sigrid Asmus||201 -->200Why invest with Schwab if the company refuses to accept the provisions of the Financial Industry Regulatory Authority? Backing away from customer protection clearly makes Schwab an untrustworthy firm.|
|17431||Tue May 07 21:03:09 EDT 2013||Richard Arroyo|
|17430||Tue May 07 18:51:56 EDT 2013||Vince|
|17429||Tue May 07 17:41:43 EDT 2013||M. Browning||Please don't make me close my PCRA account!!!|
|17428||Tue May 07 17:22:46 EDT 2013||Anonymous||These clauses are anti-democratic!|
|17427||Tue May 07 15:19:29 EDT 2013||George Seman|
|17426||Tue May 07 10:15:46 EDT 2013||M. Frances Nichols|
|17425||Tue May 07 09:39:42 EDT 2013||Linda Servey|
|17424||Tue May 07 04:33:47 EDT 2013||Melinda K Morse|
|17423||Tue May 07 04:15:25 EDT 2013||Anonymous|
|17422||Tue May 07 02:08:56 EDT 2013||Erin Brandon|
|17421||Mon May 06 22:04:03 EDT 2013||K danowski|
|17420||Mon May 06 21:22:05 EDT 2013||Pauline Thomas-Brown|
|17419||Mon May 06 20:42:28 EDT 2013||Kerala Rush|
|17418||Mon May 06 18:27:00 EDT 2013||reita NEWKIRK|
|17417||Mon May 06 16:15:32 EDT 2013||Beverly Linton|
|17416||Mon May 06 15:35:45 EDT 2013||Lynne Banta|
|17415||Mon May 06 14:31:57 EDT 2013||Dennis Young|
|17414||Mon May 06 14:16:26 EDT 2013||walter moore|
|17413||Mon May 06 12:22:54 EDT 2013||john krumae|
|17412||Mon May 06 11:58:31 EDT 2013||stephen dunne|
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