Etrade

Mega1

Hi guys i had an etrade account in the uk in 2004 but moved to Australia later that year and now trying to track down my shares held in that account, any advice or have i lost them for good ?
Thanks for any info

wmb194

Mega1 said:

Hi guys i had an etrade account in the uk in 2004 but moved to Australia later that year and now trying to track down my shares held in that account, any advice or have i lost them for good ?
Thanks for any info

What did you own? Just UK/Europe listed securities or US as well?

TD Waterhouse bought etrade UK in 2010 but probably just customers with UK listed securities, see below. If your account went to TD Waterhouse UK then this is a problem as well as it was sold to Interactive Investor in 2018.

You could try contacting II.

https://www.td.com/document/PDF/investor/2010/2010-01-27-TDW%20acquires%20ETRADE%27s%20UK%20brokerage%20accounts.pdf

https://www.ii.co.uk/blog/interactive-investor-completes-acquisition-of-td-direct-investing-ii195

Etrade UK's 2009 full accounts say that customers trading US equities would be retained but UK and German equities sold:



https://find-and-update.company-information.service.gov.uk/company/SC103238/filing-history?page=3

wmb194

Looks like the rump of Etrade's UK brokerage - US equities only - was wound up in 2012/13.

Reuters reported that a Wall Street Journal article stated that, "Customers of the British unit, E*Trade Securities Ltd, were recently notified of the planned shutdown and were given the option to transfer their accounts to another financial institution or to liquidate their positions..."

https://www.reuters.com/article/business/etrade-to-close-uk-operation-focus-on-us-wsj-idUSL4N08Z1GX/#:~:text=By%20Reuters,()