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Non-Tech : bad experience in Charles Schwab recently
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To: Joseph Beltran who wrote (92)9/1/1997 1:00:00 PM
From: Jim Berg   of 124
 
Joseph
I'm aware of Schwabs arbitration
provision, But was advised by a
lawyer " in conversation " that
the line in the agreement is null,
because it violates a basic principal
of law. " One can't contract to
void the right of litigation "
and " One cannot make contracts
that are contrary to the law ".
If Schwab were to use the provision
The courts still have control.
And a true determination would be
made in a pre trial hearing where
a judge would decide if you have a
right to persue them in court.
Many individual and class action
suits have been brought against
Schwab and other brokerage houses.
Jim Berg
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