Another rant against Etrade......
They charge $5 fee for disposing of "worthless securities". That's right, for a stock that is considered worthless (even if it's worth less than 1 penny), you will be charged a $5 fee for EACH stock they dispose for you.
What would be the point of paying $5 to get rid of a "worthless" security? Etrade is the worst worst worst when it comes to fees.
I have plenty of stocks that are worthless in multiple Etrade accounts. One of those stocks went through a reverse split last week, and I didn't realize it, so I was charged a $38 reorganization fee for each account. The stock pre split was worth 2 pennies. The customer service guy I spoke to removed 2 of the charges, but I have several accounts with Etrade
So, now, I'm interested in consolidating all the worthless stocks I've accumulated over the many years, and getting rid of them, so another reverse split doesn't cost me a few hundred dollars. But now they say it'll be a $5 charge for each.
I was told that I should call in, and talk to a trader, and ask if they will waive the fee. If they don't, I'll just let the stupid stocks sit in there forever and screw them if they reverse split, I'll just keep a negative balance forever lol. It's not like I really use Etrade much anymore.
News 
Market Data 
Discover 
