E*Trade
I opened accounts with E*Trade some time ago, both cash and IRA. At the time I opened the IRA, there were no fees for such accounts. When informed of their intention of instituting annual fees for such accounts, I closed mine. They charged me $50 for the privilege of getting my own money back. This issue was never resolved to my satisfaction.
Now, due to bad investments in the subprime market, E*Trade teeters on the brink of bankruptcy. Couldn’t happen to a nicer bunch of folks.
Readers are advised not to use the services of E*Trade.
