posted: Mar. 25, 2008 @ 8:31a
It will be easier for you to check E*TRADE website...
E*TRADE COMPLETETM PROTECTION GUARANTEE
"For Banking Services: Your cash deposits at E*TRADE Bank are insured up to $100,000 by the Federal Deposit Insurance Corporation (FDIC). You can increase the total amount insured by the FDIC. Learn more...
VERIBANC, a respected independent bank rating service, has given us their prestigious Green Three-Stars rating for bank strength and safety—the highest rating they give. It's bestowed only on banks that observe the highest operational standards based on their criteria. This rating is for the quarter ending June 30, 2005.
For Brokerage Services: E*TRADE Securities LLC, is a Member of SIPC which protects securities customers of its members up to $500,000 (including $100,000 for claims for cash). Explanatory brochure available upon request or at http://www.sipc.org
E*TRADE Clearing LLC maintains insurance with an aggregate limit of $600 million to pay amounts in addition to those returned in a SIPC liquidation, provided that (1) the combined return from the Trustee's distributions, SIPC and our own insurance to any customer does not exceed $150 million, and (2) as a sub limit, the return of cash to any one customer through our insurance does not exceed $900,000. This coverage does not protect against loss of the market value of securities. Details are available on request.
SIPC coverage is not the same as the insurance on bank accounts provided by the Federal Deposit Insurance Corporation (FDIC). It does not protect investors against a decline in the market value of securities. SIPC generally protects customers against the physical loss of securities if the broker/dealer holding the securities for the customer fails."
