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|
|17536||Mon Jul 08 12:15:29 EDT 2013||Tara Smith|
|17535||Mon Jul 08 10:47:41 EDT 2013||MaryLynn Michaelis||I am disappointed that a company that had been so innovative and forward-thinking should take such selfish and anti-social actions.|
|17534||Sat Jul 06 16:52:31 EDT 2013||Christopher T. Mizera|
|17533||Sat Jul 06 11:41:52 EDT 2013||PINGSHUN HUANG||I will take into account these kinds of customer-hostile corporate decisions when deciding who to do business with for my investment accounts.|
|17532||Tue Jul 02 13:36:43 EDT 2013||Dean Peerman|
|17531||Sun Jun 30 23:05:27 EDT 2013||mikki Sillman|
|17530||Wed Jun 26 16:51:36 EDT 2013||Francene Shed|
|17529||Tue Jun 25 12:45:07 EDT 2013||Tom Raymond||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|
|17528||Tue Jun 25 09:51:58 EDT 2013||Debbie Brenner||I am also a part of a forced arbitration (14 students in Arizona) who took on Delta Career Education Corporation for Student Loan Fraud and lost. These arbitrators are in the back pockets of big More....|
|17527||Tue Jun 25 09:31:45 EDT 2013||Debbie Brenner||I am also a part of a forced arbitration (14 students in Arizona) who took on Delta Career Education Corporation for Student Loan Fraud and lost. These arbitrators are in the back pockets of big More....|
|17526||Tue Jun 25 09:31:05 EDT 2013||Debbie Brenner||I am also a part of a forced arbitration (14 students in Arizona) who took on Delta Career Education Corporation for Student Loan Fraud and lost. These arbitrators are in the back pockets of big More....|
|17525||Fri Jun 21 16:52:12 EDT 2013||William Ninde|
|17524||Tue Jun 18 23:30:03 EDT 2013||Anthony Hamilton|
|17523||Sat Jun 15 04:34:09 EDT 2013||L. Steele|
|17522||Tue Jun 11 11:30:25 EDT 2013||Patrick Dolan|
|17521||Mon Jun 10 00:36:09 EDT 2013||cindy sims|
|17520||Sat Jun 08 23:52:57 EDT 2013||Brian Arneman|
|17519||Sat Jun 08 20:33:04 EDT 2013||Joel Sparler||what shady dealing is Schwab doing that impels it to pre-emptively foreclose avenues to real justice for it customers?|
|17518||Sat Jun 08 16:51:41 EDT 2013||Harry and Jill Brownfield|
|17517||Sat Jun 08 16:00:28 EDT 2013||Janis Todd|
|17516||Sat Jun 08 12:21:25 EDT 2013||Clifford Provost|
|17515||Thu Jun 06 20:37:32 EDT 2013||Cynthia Smith|
|17514||Thu Jun 06 15:52:21 EDT 2013||Allison Gale|
|17513||Wed Jun 05 11:04:03 EDT 2013||Michael Price|
|17512||Mon Jun 03 08:51:54 EDT 2013||Jack Hanke|
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