E-Trade "Class Action Lawsuit" Message Board

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Non-Tech : E-Trade "Class Action Lawsuit"

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To: kblaine flaherty who wrote ()	8/1/1996 10:30:00 AM
From: david fisk	of 128

Hello, well, at etrade, the more things change, the more they stay the same. check out this bunch of jacking around. On 7-31-96 before market open my account balance showed a call for $1064. Then at 10:43am I get this note, included in a message about another problem , that says I have a call of $3600. Then, at 5:49pm I get this message from their margin dept, "There is a house call of $3900 due 8-2-96 by 11am Pacific time. Please send funds promptly to avoid sellout of your securities. thank you. margin dept." All of this happened while my stocks were going up and I was selling, no buying at all. Two emails have not produced a response from Etrade at this writing. I have yet to understand how the call can go from $1064 to $3900 in one day, from before open to after close, when value in my portfolio was increasing and I was selling to reduce margin. Is this typical etrade, or what? David F.

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