• Report: #437567

Complaint Review: E*Trade

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  • Submitted: Wednesday, March 25, 2009
  • Posted: Wednesday, March 25, 2009
  • Reported By: — Yuba City California
E*Trade
etrade.com M Merrifield Virginia 22116-1542 U.S.A.

E*Trade ETRADE STOLE MY MONEY TOO!! M Merrifield Virginia


1Author 0Consumer 0Employee/Owner

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Etrade ripped me off too. I invested $7000.00 in various stocks, most of it in MSO and ARRS. Since that time the economy has reduced my balance to $1400.00. I logged into Etrade to check my balance and to my anger and surprise 500 shares of MSO and 70 shares of ARRS had been sold. I phoned Etrade and got someone who could barely speak english from another country. They too said it was for inactivity.

I also sent an email to Etrade and got an email back form Kevn Lowry saying "Due to you margin equity percentage being less than 15% in you account our margins department had to liquate (their spelling) your positions."

I guess their meaning of liquate is to steel.
I too was never contacted about this transaction. Is anyone out there willing to go after these guys??

Blondehime
Yuba City, California
U.S.A.

This report was posted on Ripoff Report on 3/25/2009 1:30:55 PM and is a permanent record located here: http://www.ripoffreport.com/miscellaneous-companies/e-trade/e-trade-etrade-stole-my-money-f45z9.htm. 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.

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