Complaint Review: ETrade

When talking to the account rep about why I had a 'Cash Call' (negative balance) on my Securities statement I found out that they have been charging me a $40 per Qtr for every Qtr that I had no activity.

I'm a buy and hold kind of guy and that means I've paid $160 last year for the 'privilege' of having them hold my securities. When I went looking for the reason for the charge, it was not available to me until I called their customer service.

Never was I notified of these charges, my cash balance (miniscule as it was) simply disappeared. It wasn't until I logged on to get my yearly tax records that I found out.

Whyteboar
Ada, Michigan
U.S.A.