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|
|17311||Wed May 01 21:33:30 EDT 2013||Royal Graves||And I had been thinking of opening an account; not anymore.|
|17310||Wed May 01 21:23:25 EDT 2013||Andrea Ivey|
|17309||Wed May 01 21:16:37 EDT 2013||Karen Frame|
|17308||Wed May 01 21:14:33 EDT 2013||Michael Ward|
|17307||Wed May 01 20:35:02 EDT 2013||Sara Holmes|
|17306||Wed May 01 20:26:46 EDT 2013||Parinaz Razghandi|
|17305||Wed May 01 20:03:01 EDT 2013||Peter Brazitis|
|17304||Wed May 01 19:01:50 EDT 2013||Jean Lingelbach|
|17303||Wed May 01 18:56:19 EDT 2013||Nicole De Nardis|
|17302||Wed May 01 18:22:15 EDT 2013||Anonymous|
|17301||Wed May 01 18:20:49 EDT 2013||Roger Lilly|
|17300||Wed May 01 16:36:44 EDT 2013||Keshava Murthy||Dear Charles Schwab:
Stop being investors' enemy. I do a lot of business with you. Do you want me to elsewhere?
Keshava S Murthy
|17299||Wed May 01 16:17:43 EDT 2013||IANTO ANGLESEY||Forced arbitration is NOT in a customer's best interests.|
|17298||Wed May 01 16:12:59 EDT 2013||Travis Logan||WE ARE THE 99%!!!|
|17297||Wed May 01 16:04:30 EDT 2013||Michael Holtz|
|17296||Wed May 01 15:37:02 EDT 2013||Dennis haraszko|
|17295||Wed May 01 15:23:40 EDT 2013||Ex-GOP Dr William M Smith Jr||A one-word alternative solution: BOYCOTT!|
|17294||Wed May 01 15:04:13 EDT 2013||George Radke|
|17293||Wed May 01 14:36:14 EDT 2013||Anonymous|
|17292||Wed May 01 14:16:51 EDT 2013||Anonymous|
|17291||Wed May 01 14:16:35 EDT 2013||Sima Cooperman|
|17290||Wed May 01 14:03:58 EDT 2013||Susan dixon|
|17289||Wed May 01 13:29:52 EDT 2013||M Bobyak||You will never have me as a customer because you do not value your customer's rights.|
|17288||Wed May 01 13:04:15 EDT 2013||Carol Maghakian|
|17287||Wed May 01 12:50:41 EDT 2013||Sandra, Kennneth, & Nicole Gaborek|
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