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.


This petition is no longer active.
151-175 of 17561 signatures
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 MD 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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