• Report: #5162

Complaint Review: Mark Stevens E-Trade

  • Submitted: Tue, May 15, 2001
  • Updated: Tue, May 15, 2001

  • Reported By:Tempe Arizona
Mark Stevens E-Trade
Nationwide U.S.A.

E-Trade brokerage theft

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I have previously reported that E-Trade deducted an accountm maintenance fee of $15 from my account without any prior notice. E-Trade not only refused to reimburse me on a one-time-only basis, it has compounded its theft by again, without prior notice, debiting my account by an addtional $50 "termination fee" as of January 31st- the day my account was closed and my E-Trade assets were transferred to another brokerage (as per my request).

Mark Stevens of E-Trade told me when I received my January statement today- in which the notice of the $15 account maintenance fee was ironically closed- that its $50 fee termination fee is more than double an earlier termination fee (of $20) neither of which was mentioned in the service agreement between us.

I understand that fees must sometimes be charged and even increased in order for firms to remain competitive, but when a compamy does not give prior notice, this is theft!

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This report was posted on Ripoff Report on 05/15/2001 12:00 AM and is a permanent record located here: http://www.ripoffreport.com/r/Mark-Stevens-E-Trade/nationwide/E-Trade-brokerage-theft-5162. 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.

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