Etrade (EFTC) is being sued by its shareholders for fraud in the nondisclosure of the mortgages in their lending arm. We reported here in August that both ETFC and AMTD has nondisclosure issues regarding their business practices.
Our research staff believes both ETFC an AMTD have other issues regarding their business practices regarding the trading in OTCBB stocks. We will monitor this development and report back as the news is revealed.
Click here for: Press Release of Class Action Lawsuit against Etrade