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|
|17511||Sat Jun 01 21:59:59 EDT 2013||Dr. William J. Sneck, S.J., Ph. D.|
|17510||Fri May 31 21:41:30 EDT 2013||Gerald & Holly Phillips|
|17509||Thu May 30 23:31:41 EDT 2013||Ed Perry|
|17508||Tue May 28 22:23:58 EDT 2013||E B|
|17507||Tue May 28 10:47:50 EDT 2013||Marcella Ciucki|
|17506||Tue May 28 03:15:41 EDT 2013||Barbara Duehn|
|17505||Mon May 27 22:07:15 EDT 2013||donald kokkonen|
|17504||Mon May 27 21:10:04 EDT 2013||Brian Smith|
|17503||Mon May 27 16:19:44 EDT 2013||Dennis DeMarinis|
|17502||Sat May 25 21:44:44 EDT 2013||Charlotte Reynolds|
|17501||Sat May 25 18:38:06 EDT 2013||wendy henry|
|17500||Sat May 25 01:19:55 EDT 2013||Kathy Moseley|
|17499||Fri May 24 17:14:31 EDT 2013||Patricia McDonald|
|17498||Fri May 24 01:37:28 EDT 2013||Mark Teig|
|17497||Fri May 24 00:01:34 EDT 2013||Anonymous||one more person who won't be investing at schwab|
|17496||Wed May 22 20:30:06 EDT 2013||Edward Harkins|
|17495||Wed May 22 14:31:17 EDT 2013||Jamie Kitson|
|17494||Tue May 21 01:25:23 EDT 2013||Laura Epstein|
|17493||Tue May 21 00:11:17 EDT 2013||Rick Macias|
|17492||Mon May 20 06:37:57 EDT 2013||Mary Moore||Please do not add yet another black mark on the financial industry's record. I am both a customer and a middle class American. I am concerned not only what this will do to me personally but also about More....|
|17491||Sun May 19 14:35:36 EDT 2013||D. Lancon||Charles Schwab seems to be emulating the Communist capitalist model. Interesting. Shame on Schwab!|
|17490||Sun May 19 01:40:39 EDT 2013||Anonymous|
|17489||Sun May 19 01:12:38 EDT 2013||Karen Kalkstein||Chas. Schwab:
We have been happy with most---not ALL---of your service to our accounts (we have 10 accounts, under outside management) for well over 10 years now.
But forced More....
|17488||Sun May 19 00:40:40 EDT 2013||LindaJean Edwards|
|17487||Sun May 19 00:38:10 EDT 2013||Diane LaMagdeleine|
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