May 18, 2009

Letter to the Editor of Smartmoney

Below is a letter to the editor of SmartMoney Magazine.

While I agree that e*trade is a pretty good brokerage firm overall, ("Finding the Best Fit" June 2009) the article left out one huge mistake e*trade pulled on some of its clients.

In March, e*trade abruptly terminated their line of mutual funds. This of course forced investors to liquidate their holdings, no doubt many at huge losses. How's that for customer service!

I have yet to read any analysis about this from any newspaper or magazine source, probably because e*trade advertises in most major publications (including your own).


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