Domain: etrade.com
Stories and comments across the archive that link to etrade.com.
Comments · 62
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Re: Wow,
This law already exists to "protect" people: https://us.etrade.com/e/t/prospectestation/help?id=1307030000#Learn While not exactly the same ($25k will clear you from the regs) it definitely does knock a dent in the scalpers.
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They're not do-overs
Yesterday an update to Knight Capital Group's algorithmic trading software caused massive volume buys and sells, resulting in large price swings on the New York Stock Exchange. As a result, the NYSE canceled some of the trades...
So if I were to write an auto-trading script using the eTrade API, and as a result of a bug it made bizarre trades and I lost a lot of money, would the NYSE agree to cancel those trades? Didn't think so. Why should the big boys get a second bite at the apple? If you write an algorithm to do trading, then from the POV of the stock markets, that algorithm is you. (Just like the way user permissions work in Unix/Windows.)
Allowing mulligans and do-overs when well-connected firms make mistakes is only going to reinforce the perception that Wall Street is a casino rigged in favor of the rich.
The reason they cancelled Knight's trades was not to save Knight from its incompetence; it was because those large, erratic transactions were radically altering the price of securities for everyone, including small traders. Those cancellations did not, necessarily, save Knight any money.
Your eTrade script could only influenece the market that if it was able to buy or sell huge volumes, which it probably can't since you probably don't have that much money in your eTrade account.
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Why the double standard?
Yesterday an update to Knight Capital Group's algorithmic trading software caused massive volume buys and sells, resulting in large price swings on the New York Stock Exchange. As a result, the NYSE canceled some of the trades...
So if I were to write an auto-trading script using the eTrade API, and as a result of a bug it made bizarre trades and I lost a lot of money, would the NYSE agree to cancel those trades? Didn't think so. Why should the big boys get a second bite at the apple? If you write an algorithm to do trading, then from the POV of the stock markets, that algorithm is you. (Just like the way user permissions work in Unix/Windows.)
Allowing mulligans and do-overs when well-connected firms make mistakes is only going to reinforce the perception that Wall Street is a casino rigged in favor of the rich.
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Re:Dear Microsoft
Actually I've got an idea. What Linux or BSD distro are you running? Do you update sources to the bleeding edge every night and rebuild the system from sources? Do you just assume everything will work? If you do, you already know stuff breaks. If you don't, STFU and stop blaming the cautious among us.
IIRC E*Trade updates gentoo about three times a week, and QA's the entire system. (the website is an internal gentoo package)
Why would you have to set up a build system for a new patch? Shouldn't you be able to use the existing QA system and just add the patch to the beginning of the process and re run the existing build/QA/deploy process?
The problem is that many of the "cautious" types never set up a proper QA system and cannot rebuild their systems from scratch in an automated way, much less auto build, QA, and deploy.
Sorry for the rant, I've just seen too many messes and been around too many organizations that were unwilling to pay a penny for reproducibility.
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Re:That's a really good job of spin!
Either you're buying an iPod Nano with your six years worth of savings, or you're buying it with the coinage you got stuck underneath your fingernail from breakfast
If it takes the average person 6 years to save money to buy an iPod then they're a fool. They could have saved more, opened an account with E*Trade and bought shares of Apple. Heck because Apple closed at $200.59 Friday they could have bought Walmart shares which closed Friday at $54.63 or Target which closed at $47.70. If those stock prices are too high then they could buy Macy's which closed at $16.97. Then after years of saving and investing they could become wealthy too. Just as the Chinese are doing.
Falcon
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This high frequency trading issue is a moot point.
No, it's not a moot point. They are artificially raising the price that everyone has to pay for a stock. They literally see what you are going to buy, snatch it up before you can buy it, and then sell it to you at an increased price. How is this even a little fair?
If you're not setting limits then it's your own fault you're paying more. Every, or nearly every, online brokers allows people to set limits, price over which you will not pay or under which you will not sell. Even ETrade users can set limits, which ETrade calls Conditional orders.
Falcon
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automatic computer controlled trading
In the US trading done by an automated computer program is illegal
You'd better tell the SEC that and have them arrest all of the day traders who setup computers to automatically trade. Heck, you'd better have them arrest brokers too. It's possible to sign up with an online broker and do this. ETrade allows you to "pre-program your entry and exit strategies". With a number of different brokers it's possible to set limit orders, where stocks at buy or sold when the stock reaches a set price. If as a trader I believe X Inc's stock price will bottom out at one price, Y, I can place a limit order to buy the stock at Y. Then if I believe it will top out at Y+2 I can set another limit, this one to sell, at Y+2.
No, I haven't done it myself but my brother-in-law's a Certified Financial Planner, CFP, who has worked as a daytrader.
Falcon
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Re:Username/password combo for banks flawed.
ETrade has Digital Secure ID for "something you have"
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Re:Well, this is good ...If they implemented those RSA tokens that spit out a new number every 60 seconds, they could stop almost all the phishing scams. Yet they refuse to do anything to actually even offer the more secure option. I'd pay for the RSA token out of my own pocket if it meant my money would be more secure. Actually, some banks do this. ETrade, for example, provides the RSA tokens. If security were really that important to customers, the banks would respond. But most customers are not security savvy enough to even know what to ask. The mere concept of the RSA token goes completely over the head of most people. What the banks need to do is to take the lead in trying to educate consumers about security issues so that consumers can make more informed choices, but that is a difficult, thankless task that most of them don't want to do. The bottom line is that customers are not leaving banks in droves to go to competitors with better security even though there actually exists competitors with better security. Or to put it another way, providing better security provides only a marginal business advantage, whereas better interest rates provide a huge business advantage.
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Re:NavTeq made out like bandits here.
Fwiw, a few points for perspective:
After the Tom-Tom purchase of TeleAtlas, Navteq almost doubled from July (wow!): http://clearstation.etrade.com/cgi-bin/details?Symbol=NVT&csize=10&PositionId=3072161788&Event=peek&period=d.
You hit a home run because you owned a severely undervalued stock. A real value was applied to their nearest competitor and investors compared their market caps along with a premium. It's standard recognition of price disparity that all investors look for.
As far as the shareholders go, anyone who bought at the last peak in early '06 (around $51) still managed a gain of over 50%.
Btw, now is usually a good time to sell and book the gain. There will be a slight discount to the buyout price which represents the risk of the deal falling through. For a percent or two it's usually not worth waiting for the arbitrage to settle out.
Congratulations on a great trade. -
What's a bank?
Even in the financial services industry, there's disagreement over what a "bank" is. Consider
- PayPal. Probably ought to be regulated as a bank, but is not.
- Western Union, a regulated money transfer service.
- ETrade Etrade is a brokerage house, but owns a bank on the side. Both operate under the "etrade.com" domain.
- Bank of America is a major bank which owns a brokerage house on the side, the reverse of ETrade.
- L. F Rothschild. Once one of the old-line banking houses of Europe, after about three mergers and breakups, they do offer financial services to the public, but they're not regulated as a bank.
- UBS Financial Services. In the US, they're a brokerage house, but in Switzerland, they're the Union Bank of Switzerland.
- Provident Credit Union A credit union performs the basic functions of a bank; it takes deposits and makes loans. But it's not a bank.
- Provident Funding, which sells mortgages, but doesn't take deposits. They're the tenth biggest lender in the US, but not a bank.
- Mellon Financial Corporation. They own banks, but are not, themselves, a bank.
- Stanbic Bank of Nigeria Are they real?
OK, who gets to be in ".bank"?
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Re:.bank is the wrong name
bank.etrade.com would tend to disagree with your blanket statement.
Obviously, when I said that E*Trade was not a bank, I meant the company which is a discount brokerage. There is also a separate company also called E*Trade, which is a bank.
The easiest way to explain this is in their own words: "E*TRADE Securities LLC and E*TRADE Bank are separate but affiliated companies."
The fact that they found it necessary (or preferable, whichever is the case) to establish two completely separate companies just underscores the fact that there are legal distinctions between different types of financial corporations.
So, once again, were we to use
.bank, what domain name should E*TRADE Securities LLC use, given that it is not a bank but is a financial institution with account names that people would (and do) try to phish for? -
Re:Don't trust any bank that relies on credentials
Etrade for one:
https://us.etrade.com/e/t/welcome/securityguarante e -
Re:"Two-factor" authentication lame implementation
I'm no fan of how they do business(basically, the second they got big enough they started pissing on the small account customers that they built their business with), but E*Trade will give you a security dongle if you want:
https://us.etrade.com/e/t/jumppage/viewjumppage?Pa geName=cpg -
Re:x.509 certificates . . .
Too hard to use and not portable.
How about SecurID, like e*trade. -
Re:bad summary.
"We looked at Apple, but that's owned in part by Microsoft."
Such bullshit. Can't people come up with a better lie...
http://ask.metafilter.com/mefi/30833
https://us.etrade.com/e/t/invest/analysis?content= 3&site=analysis&sym=AAPL&ah_flag= -
Investment?
Certainly if Akamai succeeds, it will set a precident that NBC will tap again, and that other broadcasters may join.
For those that have cashed out of Google, perhaps now's the time to invest in Akamai, if you haven't already http://clearstation.etrade.com/cgi-bin/details?Sym bol=AKAM&event=peek. -
SecurID solution
A good solution already exists to prevent keyloggers, etc. Actually some banks are rolling it out already - http://us.etrade.com/e/t/jumppage/viewjumppage?Pa
g eName=secureid_enter/. Works with any device, costs $25 once (which could probably be lowered) and provides actual security. -
If you can't wait...
etradebank (https://us.etrade.com/e/t/microsite/custwelcome) offers them now.
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Re:i think i speak for more than myself when i say
https://us.etrade.com/e/t/invest/financials?conte
n t=2&site=financials&sym=MSFT&ah_flag= claims MSFT has $16B in cash. I really don't think they could pull it off. Blowing all of one's cash and short-term investments is not generally safe in what is still an uncertain market.
And yes, probably so. I'm only minimally interested in any of this, limited by the fact that I dislike capitalism ;) -
Go ahead"A Google-buyout betting pool seems in order."
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No banking problems here
I bank with Washington Mutual, have a CapitolOne VISA card, and have my investments at E*Trade. I used Firefox exclusively and all above sites work flawlessly.
I remember a discussion here on Slashdot a couple of years ago about Mozilla, around the time of ver 0.9.2 or so. At the time CapitolOne didn't work in Mozilla and I had to use IE. A Mozilla developer posted a reply to my question about that, saying that it probably would never get fixed. Then, out of the blue, it started working. Probably around Mozilla 1.2 or so.
That's the only problem I've ever had with a financial institution with any Mozilla products. -
Re:Move from Ameritrade to ????
I too got shoved to Ameritrade from Datek. Here are some alternatives:
E-Trade: In their FAQ they say that they support both FIFO and specific shares cost basis accounting. I do not have an investment account with them, so I'm not sure how this gets reported-to or modified-by you. Something to look into. They are more expensive than Ameritrade, but they pretty much offer every financial service around.
Fidilty: I don't particularly care for them, but looks like the provide cost basis info downloading.
Schwab probably offers this service as well, but couldn't find anything on their site
Most discount online brokerages will not offer this service, so you'll end up paying higher commissions or fees. -
Re:Snakeoil????
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Re:Parent needs a glass hat
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Re:Could Definitely HappenP/E (stock price over earnings) ratios are not the main driver in American tech stocks. It was prior to the mid 90s. However, in the dot-com era, people ignored profit and focused on capital gains - ie the increase in share price to vaidate their purchase. They made money on the rise in share price and ignored profits and dividends. People didn't care at all about profitablity.
Now P/E ratios are a (perhaps small) part of the reason a share is purchased, and the ability to turn a profit is another portion of the reason. Profit is now important - viability is important, which is a good thing.
Lets look at M$. Their stock price has tanked since 2000 (allowing for their 2:1 split in 2003), and really been static since 2001. (see etrade. Their profit is very good, they are viable, but their dividends are anaemic. Their stock price is holding because people (IMHO) expect their share price to increase - that is they are purchased for capital growth.
Personally, I think they are going to clean up. I think Linux is a very long way from being ready for the desktop, no distro really gets it yet (shrugs on flame retardant suit, see below*). Pirate copies will decrease as they tighten licensing, revenue from desktop installs will increase strongly and desktop (OS + Office) is where they earn most of their dosh.
Dont expect them to be down and out yet.
(rant)
*Problems with Linux on the desktop:why offer the average joe 6 different versions of apps - he just wants one
which distro is right for me - damn thing is getting fragmented.
"...and you just (sequence of line noise) to install the driver, then..."
not everyone thinks that source code is a good thing in their hands.
for all the ills of "c:\Program Files", and least I know where to install a program. In linux, this is not clear; is it
/var, /opt, /usr, /usr/bin, /etc... In many cases the correct answer is all of the above. The answer also differs by distro. eeeewwwwwww
(/rant) -
Etrade
I think Etrade is one of the compromised sites.
On their site they say "A new security threat is currently circulating on the Internet. It is in the form of a Trojan Horse program called Download.Ject." you see this as an alert when you log in, but you can also see it without logging in. Take a look here -
stock games
I know most people here are laughing at the thought of anyone stupid enough to buy into this IPO. But all it takes are a few ignorant or greedy fund managers to pump this stock. This is why I generally invest in blue-chip stocks or market index mutual funds over standard funds, which these days seem to be corrupt.
I think there's maybe six or seven financial investment companies that haven't been sanctioned by the SEC in the last two years for unethical activity. You can't trust the American media to even let you know when your investment company has been fined $200M for insider trading. The best source for really finding out how sleazy Wall Street is is through England's Financial Times, which doesn't pull any punches. If you have an IRA or any money in funds, keep a close eye on it. These rich fund managers are making a fortune off the pennies most working people scrounge up and think will be there for them in the future.
I never really dabbled much in the market until recently when I had a broker "friend" make recommendations for me. After I lost a bundle, I set up my own account on E*Trade and started doing my own investing - I beat my broker's ROI by 14% within six months. I'm pretty convinced these days most people in the financial community don't know anything, but that doesn't mean a bunch of people won't make money in this Gator IPO, but it will probably be at mutual fund holders' expense.
My advice to people is take control of your finances and invest in companies you believe in. Pull your money out of funds so you're not unwittingly financing SCO or Gator -- you'd be surprised how often you're in bed with the devil through your IRA. -
SCOX is on the long slide downwards
Here is a chart of SCOX stock over the last 3 months. This makes me very happy, how 'bout you?
:) -
Re:Open SSL contributes to the problem...To make any such scoring scheme work, you'd need some good way of calculating the "accumulated validity" of a visited site's identity, based on the trustworthiness scores of the signing CAs.
Yeah, I hadn't thought that through. I suppose a lot of shady or careless companies get their signing authority from someone else's root certificate.
So, a system like you describe exists!
This happens to me all the time. Apparently I'm good at design but terrible at research.
:)About your last point: why is the "one step removed from the CA" useful
I suppose I should clarify what I meant by that. If you look at the certificate path for a site like E*TRADE, everything is signed by Verisign even if it isn't done directly from their root certificate. I guess I'm saying that some users may not feel as confident about a certificate trusted by a friend of a friend that they've never met compared to a gigantic, "respectable" corporation. I suppose this perception could change if signed/encrypted email really takes off and more people get comfortable with the technology.
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doesn't seem to be foolin' anyoneThis lawsuit tactic to pump up their stock doesn't seem to be foolin' anyone today.
Althought SCOX is manipulating their stock price in other ways(with trading between their own companies...).
After reading Jim Greer's post on Groklaw, it's pretty clear that SCO does NOT have a chance of winning this lawsuit, and is opening itself up to what would probably be an easy-to-win countersuit.
Stupid, evil fuckers.
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Re:Related to Earning Reports?
Could someone with financial background tell us if this is related to SCOX waiting to report their earnings for another two weeks? Any correlation? How would these moves affect their reports?
This article from PR Newswire covers it in good fashion.
"The SCO Group, Inc. (SCOX, Trade), a leading provider of Unix based solutions, announced today that its earnings release and investor conference call previously scheduled for December 8, 2003 at 9:00 am Mountain Standard Time, will be moved to December 22, 2003 at 9:00 am Mountain Standard Time in order for the Company to finalize the accounting treatment for its recent $50 million Series A Convertible Preferred Stock transaction. The Company is in the process of performing a valuation of the conversion feature associated with the Series A Convertible Preferred Stock. The Company will utilize the services of an outside advisor to assist the Company in its valuation of the conversion feature.
"The accounting for the Series A Convertible Preferred Stock will not impact the Company's revenue or cash balance. The Company also reiterates that its revenue for the fourth quarter ended October 31, 2003 will be consistent with the Company's prior guidance of $22 million to $25 million."
IOW, since they made the $50M deal with DeutscheBank, they need time to reconcile their books to reflect the earnings properly. -
Re:It's actually good news if you don't like SCOStrudekulgel wrote:
SCO has more than likely received what is generally known as "Death Spiral Financing."
I've tried to find where you can buy options in SCOX to make a small buck when they go belly-up, but sites like Etrade displays no options available for SCOX (though other company symbols have options chains).
Anyone knows why?
/jeorgen -
D'oh
Another relatively uninteresting open letter
And apparently E*TRADE agrees. Notice how the "company news" section links to SCO's open letter but not to the wailing outcry from the open source community? Oh, and SCO's stock continues to climb. -
D'oh
Another relatively uninteresting open letter
And apparently E*TRADE agrees. Notice how the "company news" section links to SCO's open letter but not to the wailing outcry from the open source community? Oh, and SCO's stock continues to climb. -
Re:Maybe better to buy puts
I'm not telling it like it ought to be. I'm telling it like it is. I've dabbled in options with three different discount brokers: Olde (a long time ago), Schwab, and E*Trade. Read the "Characteristics" pamphlet or ask your broker about being approved to trade options if you wish.
Here's E*Trade's Margin/Option Account Upgrade form. You will note in the margin section that it specifies three levels of options activity.
On page 2 of Schwab's 12-page form you will see four levels of options activity.
Ameritrade/Datek has the following (can't link to it):
"Currently, we offer the purchase and sale of long calls and puts, put writing, spreads and covered and uncovered call writing.*
Level I: Covered call writing.
Level II: Covered call writing and purchasing calls and puts.
Level III: Covered call writing, purchasing calls and puts, trading qualified spreads.
Level IV: Covered call writing, purchasing calls and puts, trading qualified spreads, uncovered call and put writing.**" -
Someone is buying liscences!?!According to this article, someone is buying liscenses. Apparently they claim to have had "more than 300 companies in the first four business days of this program contact SCO to inquire about SCO's Intellectual Property License for Linux." They also claim to have sold liscences for all Linux servers of one Fortune 500 company.
What is that Fortune 500 company smoking?
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Re:Mortgage points and auto loan 'doc prep fees'
Each point is equal to 1/8 of a percent of interest on the loan amount
A point, also called a discount point, is in fact equal to 1% of the loan amount. Not sure how you get the 1/8 of a percent figure. -
Re:Xbox will not survive
Idiot. It's a press release.
The link was to moneycentral. You can find the same article at Yahoo!, CBS Marketwatch, ClearStation and any other financial news site you care to read.
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Re:This is interesting ...
is Ebay profitable?
Yes, they had a profit of $90.4 million last year.
do they take a certain % of each sale or something?
Yes, among other things -
Re:Tit for TatExactly. The only thing that will prevent "cheating" for games that hide information in the client is something that takes control of the computer away from its owner and gives it to the content provider. Do you want this?
There are, of course, games where you're allowed arbitrary computer assistance. eTrade is an example.
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A browser story,and nobody mentioned konqueror yetDone.
The new 2.0.1 version looks real nice. The jittery display while loading Slashdot is gone, it now understand E*Trade's protocol-less relative URLs, and no longer gets confused by localhost:10000. Give it a try.
Oh, and for those who wonder: yes, it does Java, Javascript and NS compatible plugins. And it handles those mazes of nested tables from hell perfectly well, unlike netscape.
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Nasdaq be saved!!!The new sales pitch used by e-trade.
As a dot-com sponsor, you become a partner in bringing renewed hope to a dot-com whose future is now in doubt. The special relationship you can develop with your dot-com is something you'll cherish forever.
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Re:is there wagering?
I'm seriously interested in whether there is a website, or something that allows gambling on the outcome of all of this.
Yes, it's called E-Trade
The regular .sig season will resume in the fall. Here are some re-runs: -
Doesn't do E*Trade...
Until I can log into E*Trade, I can't move over to Mozilla. And M14-crypto doesn't do E*Trade (for me).
The only other thing keeping me from making the switch is the lack of support for mail filters. I get too much email to have it all swamp my Inbox
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Ah, but at what cost
The fundamental goal of E-Toys, like any corporation, is to make money for its shareholders. Have you seen what this action did to its stock price? See that peak at the left, that's when they filed suit. By Xmas, they were less than half that value, during a very busy and very profitable shopping season. By now, their share price is below their initial IPO value of $19.
There was no legal precident set, but hopefully we have set the meme in corporate minds that if you take frivolous action against people on the internet, you risk a Public Relations and Financial disaster. If the cause is just, we don't need the courts anymore.
Legal backing would have been nice, but the US Courts have an iffy record of upholding peoples rights in the face of high paid corporate lawyers, so unless the courts change I wouldn't count on their help.
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Re:Not easy, but there's hopeDon't forget about the anybrowser campaign.
I'm most frustrated by sites who's servers don't even serve content to lynx; my emails to www.etrade.com met deaf ears.
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Re:Its up to the investors to get a clue
Definitely! My entire family and I (several of my roomates even) do I lot of investing. About 60% of us do it over E*Trade or some other online brokerage. Quite a few have asked me about LinuxOne and I've been glad to rip on them thoroughly . It's not that I mind that they are selling someone elses distribution, its the fact that they are so blatantly scamming everyone, and not even doing any original work/innovation. It just bugs me. There is a line between distributing open source and outright BS. Anyway...my $.02 worth of ranting.
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Go where investors go!
The Yahoo! Finance message boards are a good start (just search for LINX or LinuxOne to see where people are talking about it). An even better place is the message boards at E*TRADE or your stockbroker of choice. Stock investors are by nature a chatty bunch, and if they get tipped off in the right places, the information will soon make the word on the Street.
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Open Letter to E*Trade
sent to E*Trade customer service, see also:
http s://trading.etrade.com/cgi-bin/gx.cgi/Applogic+Hom e?gxml=at_ipo_alloc.html and note that this is not mentioned anywhere in E*Trade's IPO Center
E*Trade:
What is the percentage of E*Trade's IPO shares that are allocated to "Platinum" customers, including both the Platinum-only lottery and the allocation to Platinum customers in the "regular" lottery?
What I'd like to know is, do "regular" E*Trade customers really have access to IPOs, or is E*Trade just like Schwab and more traditional brokers who only allow "premium" customers to get IPO shares.
If all shares typically go to your Platinum customers, then it is false advertising to say that regular customers have access to IPOs.
The IPO Center FAQ and Allocation notice are also false when they say that shares are distributed randomly among those who have placed conditional offers.
It is very interesting to note that the "Platinum-only" lottery is not mentioned ANYWHERE in the IPO Allocation Process document, the Allocation Announcement document or the IPO FAQs.
At the very least your web site is misleading your customers into believing they have the same equal chance at IPO access as everyone else, when in reality it seems like all of your IPO shares are probably allocated to your premium customers.
Thank you,
Baba Buehler
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