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|
|17561||Mon Apr 14 22:23:56 EDT 2014||Erica Freeman|
|17560||Tue Apr 08 10:35:47 EDT 2014||Mark and Judy Harvey|
|17559||Thu Dec 05 10:33:36 EST 2013||Anonymous||I AM stopping my Sister from investing with this co. And I AM c
NOT INVESTING! THAT'S 2 MILLION THAT SCHWAB WILL NOT PREY ON!
|17558||Mon Nov 11 23:27:33 EST 2013||Mikhail Nitko|
|17557||Fri Nov 08 22:44:12 EST 2013||Amy Keller||Mandatory binding arbitration clauses are nothing more than attempts to exculpate companies from wrongdoing.|
|17556||Wed Oct 23 17:20:39 EDT 2013||Tania Tilley||Chuck allowed an account to be opened in my name. It was a forged document and has left me with a 2.9million dollar debt. Chuck refuses to abide by a court order to transfer account to felon. Am homeless More....|
|17555||Wed Oct 23 17:20:27 EDT 2013||Tania Tilley||Chuck allowed an account to be opened in my name. It was a forged document and has left me with a 2.9million dollar debt. Chuck refuses to abide by a court order to transfer account to felon. Am homeless More....|
|17554||Tue Oct 15 12:15:35 EDT 2013||kevin orme|
|17553||Mon Sep 16 00:39:48 EDT 2013||Marjorie Steakley|
|17552||Tue Sep 10 11:35:25 EDT 2013||Susan Knape|
|17551||Mon Sep 09 14:49:19 EDT 2013||Arthur Kaplan|
|17550||Mon Sep 09 07:17:44 EDT 2013||jon green||how do you sleep while children go hungry?|
|17549||Mon Sep 09 07:09:42 EDT 2013||Wesley Hanna|
|17548||Fri Sep 06 17:36:42 EDT 2013||Patricia Hernandez|
|17547||Thu Sep 05 21:34:46 EDT 2013||Kirk Friedland||I am a long time Schwab customer, but this arbitration clause is unacceptable.|
|17546||Thu Sep 05 16:00:14 EDT 2013||Anonymous||I'm a Schwab customer. It certainly is the situation of a large brokerage firm cramming ant-customer rules on its customers.|
|17545||Thu Sep 05 11:12:27 EDT 2013||Anonymous||As a Schwab client, I'm shocked at learning of their position in this matter. They need to reconsider this position to avoid damaging their goodwill.|
|17544||Thu Sep 05 09:28:59 EDT 2013||STEVEN SANDERS|
|17543||Mon Aug 26 18:03:31 EDT 2013||lisa galminas|
|17542||Sun Aug 25 15:19:23 EDT 2013||David Cotner|
|17541||Mon Jul 29 21:52:56 EDT 2013||Michael Bloomfield|
|17540||Mon Jul 22 04:00:03 EDT 2013||Steven Mendoza|
|17539||Sat Jul 13 18:21:08 EDT 2013||Adele Galloway|
|17538||Thu Jul 11 02:21:42 EDT 2013||Anne Blanchard|
|17537||Tue Jul 09 18:46:49 EDT 2013||alex hernandez||this practice is unfair to the public|
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