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E*Trade Financial Sells E*Trade Canada



July 15, 2008 – Comments (3) | RELATED TICKERS: ETFC

An Important Message to E*TRADE Canada Customers

July 14, 2008

Dear Valued Customer,

Today E*TRADE FINANCIAL Corporation announced that it has signed a definitive agreement to sell E*TRADE Canada Securities Corporation to Scotiabank, subject to regulatory approval. The transaction supports E*TRADE FINANCIAL’s Turnaround Plan announced in early 2008, and is expected to close before the end of the year.

Above all, I want to assure you that it will be business as usual at E*TRADE Canada. We will continue to deliver the highest standard of service, with the same low flat commission pricing, great rates and powerful trading platforms. Be assured that we remain committed to providing you with superior customer service, from the same people you have become accustomed to dealing with at E*TRADE Canada. Our website, telephone numbers and our product offerings remain unchanged.

Scotiabank, one of North America’s largest and most progressive financial institutions, has demonstrated its commitment to growing its services for the self-directed investor. They are committed to bringing together the best E*TRADE Canada and Scotiabank have to offer, to provide a robust online investing solution.

Moving forward, we will provide you with regular updates on the progress we are making on completing the transaction and continuing to serve your trading and investing needs. In the meantime, should you have any questions, please contact our customer service team at 1-888-872-3388.

We appreciate your business and continued loyalty.


Duncan Hannay
E*TRADE Canada

3 Comments – Post Your Own

#1) On July 15, 2008 at 2:50 PM, dwot (29.30) wrote:

Sigh....  I have an account with Scotiabank...

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#2) On July 15, 2008 at 3:07 PM, kdakota630 (29.16) wrote:

LOL!  As much as you don't like E*Trade, seems you can't avoid it.

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#3) On July 15, 2008 at 3:55 PM, dbhealy (31.20) wrote:

first ameritrade (those $10 trades were key back in 2003-2005), now etrade.  what do you have left now in the discount market, eNorthern?

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