Should I close my brokerage account?
Someone in the MarktetWatch wrote an article on E-Trade today and called E-Trade the “Victim of Subprime Mortgage”
Had to be a liberal nut to write and use the word victim.
I think E*TRADE treats assets in the brokerage account differently. While you aren’t guaranteed against declines in value, you are protected against acts of fraud committed during the bankruptcy of a broker-dealer. Take a look at
https://us.etrade.com/e/t/estation/pricing?id=1209025020
for more information about protection limits (it deals with more than just their conventional bank accounts).
I would.