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This petition is no longer active.
226-250 of 17561 signatures
Number Date Name Add a Comment
17336 Thu May 02 13:21:53 EDT 2013 Corinne Willinger
17335 Thu May 02 13:01:42 EDT 2013 Anonymous Tar and feather them and run them out on a rail with there lobbyist and politicians.
17334 Thu May 02 12:44:33 EDT 2013 Robert Abramson
17333 Thu May 02 12:07:21 EDT 2013 Anonymous
17332 Thu May 02 11:18:28 EDT 2013 Mary Schlee
17331 Thu May 02 11:13:10 EDT 2013 Carl Kohls
17330 Thu May 02 10:57:53 EDT 2013 Aaron Holm
17329 Thu May 02 10:49:25 EDT 2013 Anonymous
17328 Thu May 02 10:43:23 EDT 2013 Cara Stoner
17327 Thu May 02 10:11:29 EDT 2013 Michael Is Schwab telling us we should not have access to justice?
17326 Thu May 02 09:50:30 EDT 2013 Ben Mazzara
17325 Thu May 02 09:35:17 EDT 2013 Chelsey
17324 Thu May 02 09:32:45 EDT 2013 james vinson
17323 Thu May 02 08:33:12 EDT 2013 J. M. Mortenson I will contact my elected officials in Congress to encourage a law which says that citizens always have a right to sue, a right to trial by jury and to join class action suits.
17322 Thu May 02 06:22:21 EDT 2013 Anonymous
17321 Thu May 02 04:58:13 EDT 2013 Joseph Hanson
17320 Thu May 02 04:08:55 EDT 2013 Virginia Franco
17319 Thu May 02 00:46:18 EDT 2013 Anonymous
17318 Thu May 02 00:15:53 EDT 2013 Julie McCarthy
17317 Thu May 02 00:08:52 EDT 2013 Rachel Joselson
17316 Wed May 01 23:17:13 EDT 2013 Kathleen I Haskins
17315 Wed May 01 23:14:09 EDT 2013 Joel Grist Stripping the 7th Amendment right to a jury trial is stripping the regulator of last resort.
17314 Wed May 01 23:13:16 EDT 2013 Andrea Rollefson
17313 Wed May 01 23:03:54 EDT 2013 Karen Rebb
17312 Wed May 01 23:01:16 EDT 2013 philip patterson
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