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Non-Tech : E*Trade (NYSE:ET) -- Ignore unavailable to you. Want to Upgrade?


To: Jerry Miller who wrote (4321)1/15/1999 12:13:00 PM
From: Sam Citron  Read Replies (1) | Respond to of 13953
 
they seem to frown on "trading" the IPO.

The restrictions you describe are not exclusive to E*TRADE. All the brokerages that I am aware of have a similar policy. It applies even to much bigger customers, although they sometimes have the leverage to skirt such restrictions.

I am more concerned with whether in fact E*TRADE can supply shares to smaller investors of the more sought after IPOs.

SC