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Charles Schwab accused of firing Los Altos investment consultant because he ran for Congress as Democrat

Summary by The Mercury News
Phil Arballo ran twice for Congress, unsuccessfully, before taking a job at the Charles Schwab investment company branch in posh Los Altos, where he was fired because his boss discovered he had run as a Democrat, he claimed in a lawsuit filed this week. Schwab in a statement Friday called the lawsuit’s allegations “unwarranted,” and said it would respond to them in court. Arballo ran for U.S. House of Representatives seats in the Central Valley …

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The Mercury news broke the news in San Jose, United States on Friday, March 21, 2025.
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