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Verified ReviewerEtrade - E*Trade Will Take Your Money
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.
Preferred solution: Full refund
User's recommendation: Stay away from E*Trade
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