E*Trade
Posted Mar 2, 2011 by anonymous | 129 views | 0 comments
Watch out for E*Trade. They bought out my stock account from the company that bought it out first. The rules kept changing as it was bought out and after the 'crash' there wasn't much left anyway, but... I made the mistake of going to one of those Senior lunch meetings where financial people get you to change your retirement plan. As part of the process I signed a paper to have E*Trade close and transfer my stock (money). Long story short, the financial expert did it wrong and I ended up paying $45 a stock to close them out (which brought one stock to zero). I asked E*Trade to waive the fees when I found out about it, they refused to help or even lower the fees (which with most other companies would have been about $9.95 each). They said the financial expert should have reimbursed me, he said they should have reimbursed me. Bottom line, be very wary of using E*Trade because if you are relying on their goodwill, you are making a BIG mistake. Also, seniors, forget going to those 'free lunch' financial seminars, you will learn that there is no such thing as a free lunch. I lost a lot of money and now I am stuck. Good luck all.
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