Dear Member,
Your E*TRADE Securities account statement is now available online.
View it now
(log on required) or follow the instructions below to
access it directly through our website:
Log on at etrade and choose the Accounts tab.
Select the Account Records menu.
In the Brokerage Account Records section, click Monthly
Statements.
Please review your statement carefully. If you have questions,
e-mail us1
or call 1-800-ETRADE-1 (1-800-387-2331 or from
outside the U.S., call +1 678 642 6210), seven days a week.
As always, we appreciate your business and the opportunity to
serve you.
Sincerely,
E*TRADE Securities Customer Service
Customer Update:
Important Information - Updated Statement of Financial
Condition Now Available
You can now obtain a free copy of the unaudited Statement of
Financial Condition of E*TRADE Clearing LLC as of June 30, 2006
by logging on to
www.etrade.com/financialcondition
or by calling 1-800-786-2575.
Net Capital Requirements
The Company is subject to the Uniform Net Capital Rule (the "Rule")
under the Securities Exchange Act of 1934 administered by the SEC
and the NYSE, which requires the maintenance of minimum net
capital. The Company has elected to use the alternative method
permitted by the Rule, which requires that the Company maintain
minimum net capital equal to the greater of $250,000 or 2% of
aggregate debit balances arising from customer transactions, as
defined. At June 30, 2006 the Company had net capital of
$626,168,000 (8.4% of aggregate debit balances) which was
$477,193,000 in excess of its required net capital of $148,975,000.
Under the alternative method, a broker-dealer may not repay
subordinated borrowings, pay cash dividends, or make any
unsecured advances or loans to its parent or employees if such
payment would result in net capital of less than 5% of aggregate
debit balances or less than 120% of its minimum dollar amount
requirement.
E*TRADE Securities accounts are carried by an affiliate, E*TRADE Clearing LLC,
Member NYSE/NASD/SIPC.
|
|
|
