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This petition is no longer active.
251-275 of 17561 signatures
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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