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Saw this today. Does not appear targeted, but who knows. Hope it helps someone:

*********************************************

You know something your friends may not. Enlighten them and you can earn up to $300 per year.

Welcome to the E*TRADE Refer-A-Friend Program.

Tell us who would appreciate the low commission pricing, easy-to-use web site and powerful investing tools that E*TRADE has to offer. We'll do the rest.

Get $100 deposited directly to your brokerage account each time a friend responds directly to the email we send on your behalf, then opens a new account (for up to three friends). Your friends will get something, too: 100 commission-free stock and options trades.2


It’s fast and it’s easy. Which means the return on your small investment in time could be quite gratifying.

THE E*TRADE REFER-A-FRIEND PROGRAM — YOU GET UP TO $300 — YOUR FRIEND GETS 100 FREE TRADES — REFER-A-FRIEND NOW in 3 easy steps

Secure, free and easy — the Digital Security ID makes unauthorized account login virtually impossible. Find out more at www.etrade.com/secureid

CONTACT US UNSUBSCRIBE PRIVACY POLICY E*TRADE COMPLETE™ PROTECTION GUARANTEE

E*TRADE COMPLETE™ PROTECTION GUARANTEE
PLEASE READ THE IMPORTANT DISCLOSURES BELOW

This is an advertisement or promotional email from E*TRADE Securities LLC.
If you would no longer like to receive such emails from us, please click here.

For further information, please email us at applicant@etrade.com. Or you may contact E*TRADE Securities LLC at 135 E. 57th Street, New York, NY 10022.

To receive the text version of all future emails from E*TRADE FINANCIAL, please click here.

1 Offer valid for new individual or joint Power E*TRADE Accounts only. Offer not valid for IRAs, other retirement, business, club, E*TRADE Bank accounts, or any other accounts not identified as valid. Existing E*TRADE Securities customers are eligible for the referrer award only; employees of E*TRADE FINANCIAL Corp. or its affiliates, and non-U.S. residents, are not eligible for the referral or the referee award. Qualified account holders must be of legal age in their state of residence. The existing customer (referrer) will receive a $100 credit that will post within eight weeks of the opening of the friend's (referee) new qualified account. The existing customer (referrer) is limited to 3 referral credits for a maximum credit of $300 per calendar year. E*TRADE Securities reserves the right to terminate this offer at any time. Not valid with any other offer. Offer ends September 30, 2007.

2 The new account holder will receive a free trade commission, up to a maximum of 100 free trade commissions (equivalent to $999 in free trade commissions at a value of $9.99 per trade), for each stock or options trade executed within 30 days of the opening of the new qualified account. Offer not valid for IRAs, other retirement, business, trust, or E*TRADE Bank accounts. Excludes current E*TRADE Securities customers, E*TRADE FINANCIAL Corp. associates, and non-U.S. residents. Offer only applies to new Power E*TRADE accounts opened with a $1,000 minimum deposit. You will pay the Power E*TRADE commission rate on all trades at the time of the trades ($9.99 for stock and options trades plus an additional 75˘ per options contract), and your account will be credited with up to $9.99 per trade within eight weeks of qualifying (excluding options contract fees). You will not receive cash compensation for any unused free trade commissions. Account holders must maintain minimum funding in all accounts ($1,000 minus any trading losses) for at least six months or credit may be surrendered. Limit one new Power E*TRADE account per customer. We reserve the right to terminate this offer at any time. Accounts must be opened by December 31, 2007, the offer expiration date. With this special offer you are a qualified Power E*TRADE customer from the time your new account is opened.

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Thanks for posting, in case it should help someone.
psychtobe said: You know something your friends may not. Enlighten them and you can earn up to $300 per year.

Welcome to the E*TRADE Refer-A-Friend Program.

True, I know something my friend considering Etrade does not - their history of poor customer service and unreasonable fees. Unless I value a particular friendship at less than $100, I'll give my friend my real opinion and suggest they move on.

-an ex-Etrade customer/trader, now at Ameritrade and hoping the suggested merger doesn't force me to move again

with a minimum deposit requirement of $1000 for 6 months, this hardly requires a giant commitment. Just putting that money with ETrade for 6 months and then closing the account is a greater than 20% annualized return on your money if done within household members. I agree ETrade has poor customer service, and like you I am a former customer who then went to BrownCo and am now back with ETrade after their merger. But the $100 offer is free money for not much work, and it's available up to 3 times.

psychtobe said:
1 Offer valid for new individual or joint Power E*TRADE Accounts only. Offer not valid for IRAs, other retirement, business, club, E*TRADE Bank accounts, or any other accounts not identified as valid. Existing E*TRADE Securities customers are eligible for the referrer award only; employees of E*TRADE FINANCIAL Corp. or its affiliates, and non-U.S. residents, are not eligible for the referral or the referee award. Qualified account holders must be of legal age in their state of residence. The existing customer (referrer) will receive a $100 credit that will post within eight weeks of the opening of the friend's (referee) new qualified account. The existing customer (referrer) is limited to 3 referral credits for a maximum credit of $300 per calendar year. E*TRADE Securities reserves the right to terminate this offer at any time. Not valid with any other offer. Offer ends September 30, 2007.

2 The new account holder will receive a free trade commission, up to a maximum of 100 free trade commissions (equivalent to $999 in free trade commissions at a value of $9.99 per trade), for each stock or options trade executed within 30 days of the opening of the new qualified account. Offer not valid for IRAs, other retirement, business, trust, or E*TRADE Bank accounts. Excludes current E*TRADE Securities customers, E*TRADE FINANCIAL Corp. associates, and non-U.S. residents. Offer only applies to new Power E*TRADE accounts opened with a $1,000 minimum deposit. You will pay the Power E*TRADE commission rate on all trades at the time of the trades ($9.99 for stock and options trades plus an additional 75˘ per options contract), and your account will be credited with up to $9.99 per trade within eight weeks of qualifying (excluding options contract fees). You will not receive cash compensation for any unused free trade commissions. Account holders must maintain minimum funding in all accounts ($1,000 minus any trading losses) for at least six months or credit may be surrendered. Limit one new Power E*TRADE account per customer. We reserve the right to terminate this offer at any time. Accounts must be opened by December 31, 2007, the offer expiration date. With this special offer you are a qualified Power E*TRADE customer from the time your new account is opened.


I am willing to bet, by "credit may be surrendered", they mean credit for the new account holder. Meaning, if you're just doing this within family and for the $100, you can open a new account, wait for the $100 credit to be to the existing customer within 8 weeks, then close the new account or take out $999.99.

Your return would then be $100/$1000 x (52/8) = 65%



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