Complaint Review: E*Trade

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.