Steve T Oci

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Etrade - E*Trade Will Take Your Money

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E*Trade froze my 3 accounts due to "unusual activity." I was told

the unusual activity was me depositing my employer's check

and that in order to unfreeze my accounts I would need to

submit a letter of intent along with a picture ID. I did what they

wanted but it wasn't good enough.

Then I was told that I

needed to submit proof that the check has funds. I can't do that

because I'm not my employer's bank, so they told me to submit

proof that I had earned the amount on the check. I did what

they wanted but it wasn't good enough. Then I was told that I

needed to submit proof that I earned the amounts of all of my

employer's checks deposited.

Additionally, I would need to

submit proof that E*Trade itself transferred my Roth IRA and the

money in my individual trading account from my previous

broker. I submitted everything they asked for.

Still not good enough. E*Trade has frozen and closed my

accounts and have stolen everything I entrusted them. I should have read the reviews and complaints on the BBB website.

If anyone has experienced something like this, please file a complaint against E*Trade with FINRA. I'm still fighting to get my money back.

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Loss:
$105000

Preferred solution: Full refund

User's recommendation: Stay away from E*Trade