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|
|17336||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.|
|17335||Thu May 02 12:44:33 EDT 2013||Robert Abramson|
|17334||Thu May 02 12:07:21 EDT 2013||Anonymous|
|17333||Thu May 02 11:18:28 EDT 2013||Mary Schlee|
|17332||Thu May 02 11:13:10 EDT 2013||Carl Kohls|
|17331||Thu May 02 10:57:53 EDT 2013||Aaron Holm|
|17330||Thu May 02 10:49:25 EDT 2013||Anonymous|
|17329||Thu May 02 10:43:23 EDT 2013||Cara Stoner|
|17328||Thu May 02 10:11:29 EDT 2013||Michael||Is Schwab telling us we should not have access to justice?|
|17327||Thu May 02 09:50:30 EDT 2013||Ben Mazzara|
|17326||Thu May 02 09:32:45 EDT 2013||james vinson|
|17325||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.|
|17324||Thu May 02 06:22:21 EDT 2013||Anonymous|
|17323||Thu May 02 04:58:13 EDT 2013||Joseph Hanson|
|17322||Thu May 02 04:08:55 EDT 2013||Virginia Franco|
|17321||Thu May 02 00:46:18 EDT 2013||Anonymous|
|17320||Thu May 02 00:15:53 EDT 2013||Julie McCarthy|
|17319||Thu May 02 00:08:52 EDT 2013||Rachel Joselson|
|17318||Wed May 01 23:17:13 EDT 2013||Kathleen I Haskins|
|17317||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.|
|17316||Wed May 01 23:13:16 EDT 2013||Andrea Rollefson|
|17315||Wed May 01 23:03:54 EDT 2013||Karen Rebb|
|17314||Wed May 01 23:01:16 EDT 2013||philip patterson|
|17313||Wed May 01 22:11:37 EDT 2013||Lisa Holm|
|17312||Wed May 01 22:01:40 EDT 2013||Rebecca Newman|
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