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  • Report:  #437567

Complaint Review: E*Trade - M Merrifield Virginia

Reported By:
- Yuba City, California,
Submitted:
Updated:

E*Trade
etrade.com M Merrifield, 22116-1542 Virginia, U.S.A.
Phone:
800-387-2331
Web:
N/A
Tell us has your experience with this business or person been good? What's this?
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.


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