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.
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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.
|Number||Date||Name||Add a Comment|
|17411||Mon May 06 11:38:00 EDT 2013||Stephanie Lukas|
|17410||Mon May 06 10:40:01 EDT 2013||leopoldo mutis|
|17409||Mon May 06 10:20:48 EDT 2013||norman henry|
|17408||Mon May 06 09:40:53 EDT 2013||Sandra Heisey|
|17407||Mon May 06 02:41:03 EDT 2013||Deb Ungar||I am ready to move my investments|
|17406||Mon May 06 00:49:49 EDT 2013||Mia McLeod|
|17405||Sun May 05 22:47:31 EDT 2013||Anonymous|
|17404||Sun May 05 22:27:06 EDT 2013||Linda Harlow|
|17403||Sun May 05 18:53:28 EDT 2013||Stephen P Carlisle|
|17402||Sun May 05 17:56:04 EDT 2013||Anonymous|
|17401||Sun May 05 16:46:21 EDT 2013||pat schumacher|
|17400||Sun May 05 16:10:20 EDT 2013||William Daniels||Adjudication is the means to determine if, or to what extent that, deceptive, misleading, fraudulent or illegal practices have been used. The open light of court should not be denied to investors.|
|17399||Sun May 05 13:13:11 EDT 2013||Jan Crean||I finally managed to disentangle all assets from Schwab. Took me almost 4 years to get their tentacles off me.|
|17398||Sun May 05 13:05:39 EDT 2013||Jacqueline London|
|17397||Sun May 05 11:30:27 EDT 2013||Phillip McLaurin|
|17396||Sun May 05 09:20:33 EDT 2013||Chris Whalen|
|17395||Sun May 05 09:18:49 EDT 2013||Joseph Simons|
|17394||Sun May 05 06:06:56 EDT 2013||Gerald St. Germaine|
|17393||Sun May 05 02:07:06 EDT 2013||Molly Muro|
|17392||Sat May 04 23:32:19 EDT 2013||Amanda Struse|
|17391||Sat May 04 23:04:39 EDT 2013||Kris Metzker|
|17390||Sat May 04 22:55:55 EDT 2013||Madelyn Morehead||This is a completely unreasonable and unacceptable infringement on the rights of Schwab's customers|
|17389||Sat May 04 22:10:47 EDT 2013||Joel Kay|
|17388||Sat May 04 19:30:04 EDT 2013||Lenora Landis|
|17387||Sat May 04 17:00:33 EDT 2013||Anonymous|
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