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This petition is no longer active.
176-200 of 17561 signatures
Number Date Name Add a Comment
17386 Sat May 04 16:57:21 EDT 2013 Anonymous
17385 Sat May 04 16:37:30 EDT 2013 Frank Quale
17384 Sat May 04 16:02:00 EDT 2013 Joel Watson
17383 Sat May 04 15:52:26 EDT 2013 Anonymous
17382 Sat May 04 14:59:41 EDT 2013 Russell Grindle
17381 Sat May 04 14:56:17 EDT 2013 Alma
17380 Sat May 04 13:49:20 EDT 2013 Rabecca Gainey
17379 Sat May 04 13:26:44 EDT 2013 D P
17378 Sat May 04 11:52:41 EDT 2013 Iain MacAdam
17377 Sat May 04 10:15:35 EDT 2013 Jason Boyer
17376 Sat May 04 09:52:21 EDT 2013 Deborah McMurray
17375 Sat May 04 09:43:08 EDT 2013 Addie Davis
17374 Fri May 03 23:33:59 EDT 2013 TONY BUTLER
17373 Fri May 03 22:39:13 EDT 2013 John P. & Stoltenberg Stop and reverse the rise of fascism in America! Stop and reverse the rise of Charles Schwab and Com's form of fascism!
17372 Fri May 03 22:26:58 EDT 2013 Julimar Castro This is outrageous! You should be ashamed of yourselves. Furthermore, it's hard to expect anything good from a company that is trying to prevent taking responsibility for future bad actions. What else More....
17371 Fri May 03 22:03:01 EDT 2013 sean desmond
17370 Fri May 03 20:01:33 EDT 2013 Donna Still
17369 Fri May 03 19:30:32 EDT 2013 Marilyn Mullane
17368 Fri May 03 17:42:51 EDT 2013 Ken Ward
17367 Fri May 03 17:35:11 EDT 2013 Mary Kurtz
17366 Fri May 03 17:20:48 EDT 2013 Cheryl
17365 Fri May 03 17:02:33 EDT 2013 Marjorie Witting
17364 Fri May 03 16:45:54 EDT 2013 Stefan McKannon
17363 Fri May 03 14:28:08 EDT 2013 John Hubbard
17362 Fri May 03 13:51:56 EDT 2013 Gary Pieples
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