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JRS___B's avatar
JRS___B
Explorer
Jul 22, 2013

E Trade "Privacy" Agreement = JOKE

I just now went to open a new account with e-trade. Because of the various posts regarding security and disclosure of information on this forum I decided I would actually read the privacy agreement.

It had more holes in it than Swiss cheese.

Then I finally got to the paragraph that said they would share my personal information with entities in other countries that may have different privacy rules than in the U.S..

At that point I changed my mind. Not sure what I am going to do at this point.

15 Replies

  • That probably explains a lot of the phone solicitations from other countries.....guess I'd better start reading them, too!!!! thanks for the info.
  • kab449 wrote:
    I have had an account with Ameritrade and its predecessors for many years and have never had any of my personal information compromised.


    Perhaps not compromised but sold just like eTrade for sure: Ameritrade Privacy Policy
  • I have had an account with Ameritrade and its predecessors for many years and have never had any of my personal information compromised.
  • That is HOW they can afford to "give" you low transaction prices, not sure as to what you expected... They "sell" your information and they make additional money from that.

    If you don't wish to agree to the DIY discount stoke traders terms of services like them perhaps you should seek out a local sticks and bricks stock broker near you and pay the higher transaction fees.

    Besides, you REALLY don't want to get involved with E-Trade, I HAD them through my workplace. I had issues with them, my company must had a lot of complaints and SWITCHED to a different outfit.

    Even trying to "close" my account was so difficult to do it was almost comical, they kept, get this, TWO CENTS of my money to "hold" my account open. They sent me statements for FIVE YEARS on this TWO CENTS that they kept. I got a check for TWO CENTS one day. It had to have cost them some money in the hopes I would reactivate the account.

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