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Re: None

Sunday, 02/25/2007 12:34:18 PM

Sunday, February 25, 2007 12:34:18 PM

Post# of 76394
More answers from Etrade not allowing online buys and sells.

"In regards to your inquiry, if the company is undergoing some type of Corporate Action, the system will hard stop you from either buying or selling the position. This could be due to a reverse split, a merger, acquisition etc. This is a security feature for not only the customer, but for E*TRADE as well.

We have had instances in the past where clients placed orders to sell positions where the company had just announced a Reverse Split. They sold more shares then they actually had in their account. Obviously, this created a short position in their account. If you would like to place this trade, please contact us and we can submit this order for you at no additional charge."