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Non-Tech : Online Broker Down - Sue 'em - EGRP, JBOH, AMTD, SCH, NDB

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To: Pluvia who wrote ()2/6/1999 11:03:00 PM
From: John WES  Read Replies (1) of 253
 
O.K here is my Etrade complaint. The other day, the margins department purchased 1000 shares of CMGI, which was about 120,000 and then they proceeded to give me a margin call. Mind you, I was flat on CMGI and had been for two days. I put in a trade inquiry a few days back because of there usual execution problems and instead of helping me out, they purchased an additional 1000 shares. I had checks out and due to their mistake, they bounced them. I did correct the problem, but it took a lot of hassle and caused much distress. I also have all the execution probs. that others are talking about, but this was just the most recent screw up by the company.
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