Ripoff Report Needs Your Help!
X  |  CLOSE
Report: #939891

Complaint Review: eTrade Financial - New York New York

  • Submitted:
  • Updated:
  • Reported By: Randal — Renton Washington USA
  • Author Not Confirmed What's this?
  • Why?
  • eTrade Financial 135 East 57th Street New York, New York United States of America

eTrade Financial Theft of Funds. New York, New York

Show customers why they should trust your business over your competitors...

Is this
Report about YOU
listed on other sites?
Those sites steal
Ripoff Report's
content.
We can get those
removed for you!
Find out more here.
How to fix
Ripoff Report
If your business is
willing to make a
commitment to
customer satisfaction
Click here now..

A couple of months ago, eTrade informed me that they wanted a 3rd W-9, and that they couldn't accept my W-9 tendered in 2009, nor the one they asked for in June 2012.  The W-9 that was offered in June 2012 indicated that I was with a non-profit corporation, a 501(c)4, and we were tax exempt.  ETrade then indicated that they were going to classify us as an S-Corporation and take out withholding.  This doesn't make any sense, since S-Corporations are not subject to withholding.  eTrade also alleges that the IRS requested them to certify all non-profits as S-corporations effective the 1st of 2012, so I requested eTrade to provide me a copy of the IRS letter, and eTrade refused to do it.

Additionally eTrade refused to provide an annual year end tax statement and alleges they don't provide tax statements for companies.  I am wondering if they don't want me to know what is coming to me?

Based on what I have seen at eTrade, it looks like eTrade is stealing money.  Their alleged withholding is a sham, and it is no secret that FINRA, SEC, and SIPCA are clearly there for the financial community.  They will not do anything for the public.

I would encourage anyone to get their money out of eTrade. This company has countless complaints against it for outright theft.  I am looking for another place to park my money, and plan on closing the account.

This report was posted on Ripoff Report on 09/11/2012 10:04 PM and is a permanent record located here: https://www.ripoffreport.com/reports/etrade-financial/new-york-new-york-10022/etrade-financial-theft-of-funds-new-york-new-york-939891. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content

Search for additional reports

If you would like to see more Rip-off Reports on this company/individual, search here:

Report & Rebuttal
Respond to this report!
What's this?
Also a victim?
What's this?
Repair Your Reputation!
What's this?
Featured Reports

Advertisers above have met our
strict standards for business conduct.

X
What do hackers,
questionable attorneys and
fake court orders have in common?
...Dishonest Reputation Management Investigates Reputation Repair
Free speech rights compromised

WATCH News
Segment Now