E*Trade has routinely engaged in questionable, evasive and deceptive when sued, frequently claiming it does not have information it is required to turn over and sometimes even ignoring FINRA orders to produce key documents. This firm is the grim reaper to your financial health and mental well being. AVOID
E*Trade's Security Fraud
I am over 60 years old, and in the fall of 2007 I was lured by E*trade's ad for a for an IRA. In Short I called to purchase this money market fund, (the trade could not be placed on-line) I was transferred to their "fixed-income" department and was solicited to buy Auction Rate Securities, for which the market has been frozen since Feb 2008!.
E*Trade, in my opinion, knew the risk of this soon to be , yet pawned them off on me and thousands more of their "clients=victims"". They have been totally uncooperative, intransigent, rude, threatening, and unwilling to accept responsibility for their fraud and lies perpetuated by their agents back in late 2007;. They offer no solution to help assist those of us caught in this mess, and they continuously deflect, deny, and defend their lack of and irresponsible stance".
They have effectively stolen my $50,000 in an IRA no less and they only put up a with like attorneys:. E*Trade from my experience is pure , and has zero ethics, and morality/. Who on does? They are the worst of the worst:. RUN, DON'T WALK AWAY FROM E*TRADE, They will *** over financially given the chance and are totally untrustworthy to be a of any one's money|.