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|
|17486||Sat May 18 01:16:56 EDT 2013||Indira Smith|
|17485||Fri May 17 18:15:19 EDT 2013||Clarice Alexander||As a Schwab client, I'm not pleased with this situation.|
|17484||Fri May 17 11:54:26 EDT 2013||Dan Aurian-Blajeni|
|17483||Fri May 17 09:39:06 EDT 2013||Dennis Nolan|
|17482||Thu May 16 23:24:28 EDT 2013||Anonymous|
|17481||Thu May 16 20:47:58 EDT 2013||Anonymous|
|17480||Thu May 16 11:26:54 EDT 2013||Bethal Little|
|17479||Thu May 16 01:19:25 EDT 2013||Carolyn Leamer|
|17478||Thu May 16 00:59:41 EDT 2013||Anonymous||This corporation belongs in prison!|
|17477||Wed May 15 19:54:50 EDT 2013||Anonymous|
|17476||Wed May 15 18:40:00 EDT 2013||MARIA PACHECO||aren't making enough money, how much more money will be enough for you? people will be educated on your insatiable greed you nefarious fascist republican!|
|17475||Wed May 15 17:58:44 EDT 2013||yachira martinez|
|17474||Wed May 15 16:23:35 EDT 2013||PAUL DEMASI||How much MORE will the people take?!?!?!|
|17473||Tue May 14 20:07:22 EDT 2013||Carol Mcinerny|
|17472||Tue May 14 19:14:11 EDT 2013||Anonymous|
|17471||Tue May 14 16:14:17 EDT 2013||Jake|
|17470||Tue May 14 10:57:27 EDT 2013||John Berman|
|17469||Mon May 13 20:31:09 EDT 2013||Rev Crow Swimsaway PhD|
|17468||Mon May 13 17:10:54 EDT 2013||Dana Stickney||When a customer is wronged by a trusted corporation, he deserves to be able to file suit (singly, and collectively) to remedy this disadvantage.|
|17467||Mon May 13 16:36:38 EDT 2013||Kirk Ramble|
|17466||Mon May 13 15:12:23 EDT 2013||Shelby Norris|
|17465||Mon May 13 12:07:11 EDT 2013||Sandra Mowell|
|17464||Mon May 13 02:43:45 EDT 2013||Lynnette Perkes|
|17463||Mon May 13 00:17:47 EDT 2013||Margie Mallen|
|17462||Sun May 12 23:59:59 EDT 2013||Lynn Levine||I am a Schwab customer. This is not the first time I have gotten disturbing news about Schwab policies. Political contributions to promote financial policies that are bad for the middle class is not More....|
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