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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Grommit who wrote (49419)	9/14/2012 3:12:05 PM
From: Grommit	1 Recommendation Respond to of 78744

OT Etrade. A new chapter for those following the story. Some IRA's have a negative cash balance because they forced a re buy of shares that will be redeemed.... Etrade cannot let our IRA cash balances be negative due to compliance issues. So they are going to put cash into the IRAs to bring them to zero. They are doing this by prepaying the redemption that will occur on Oct 11. This just goes to show that whoever screwed up is paying the price for this mess. :o)