I agree. Etrade may be involved with this. They are not giving any explanation regarding the legality of their decision to hold dividends without first receiving a decision from Finra. I need something to show my attorney... Regardless of legalities, the client service has been poor and the perception is they seem to be too quick to pinch/restrict their customers. It is also my understanding that Etrade is the only broker restricting their customers' cash.
This post consists of my opinions. Do your own research and make your own decisions. Please do not invest based on my opinions.