January 12, 2001 |
E-Trade Group Inc., moving to diversify in order to weather the shaky stock market, said Thursday it will buy LoansDirect.com, a closely held online mortgage broker. Although specific terms weren't disclosed, E-Trade said the transaction will involve an exchange of stock. Huntington Beach-based LoansDirect, a major provider of online mortgages, will become part of E-Trade's bank subsidiary.
August 26, 2000 |
Internet bank and brokerage E-Trade Group Inc. is being investigated by the Securities and Exchange Commission and the National Assn. of Securities Dealers for inappropriate advertising. The second-largest online broker has agreed to submit its ads to the NASD's regulation division 10 days before first being used, the company said in a filing earlier this month. The NASD can force E-Trade to suspend all advertising if the Menlo Park, Calif.
August 23, 2000 |
E-Trade Group Inc. (ticker symbol: EGRP) agreed to pay $20,000 to settle charges the online broker failed for 28 straight months to file required reports on "short" positions, or investments betting stocks would fall, the National Assn. of Securities Dealers said Tuesday. All NASD member firms must keep records of short positions for Nasdaq securities in all customer and firm accounts and report the information monthly to NASD's regulatory arm, the NASD said.
July 18, 2000 |
E-Trade Group Inc., the second-biggest online broker, said Monday that it has agreed to buy San Francisco-based Electronic Investing Corp., which lets clients build portfolios through dollar-amount investments. Closely held Electronic Investing, which does business as EInvesting, allows investors to buy securities in dollar denominations rather than by shares. Menlo Park, Calif.
May 31, 2000 |
E-Trade Group Inc., the second-biggest online broker, and Ernst & Young, the third-largest accounting and consulting firm in the U.S., said Tuesday that they are launching a $50-million venture to provide financial advice to investors. The two companies said they will let E-Trade's 2.6 million clients have online and in-person access to Ernst & Young's 1,000 financial planners for advice on home buying, taxes, estate and retirement planning.
February 5, 2000 |
Call it bye and hold. E-Trade Group Inc.'s mutual funds chief resigned Friday, saying his belief in buying and holding stocks and funds didn't match the company's strategy of catering to frequent traders. An Internet brokerage likes to trade a lot--who knew? Brian Murray, a vice president at the Menlo Park, Calif., company, will leave March 1 to help start a venture capital firm and possibly an online financial services company.
January 7, 2000 |
Robert Tokarchek was out shopping for a washing machine hose when he joined the ranks of Internet whiz kids as an instant millionaire. Tokarchek, 61, a retired engineer who lives in Westlake Village, learned Tuesday that he won $1 million in a contest sponsored by Menlo Park-based online brokerage E-Trade by guessing that the Dow Jones industrial average would finish out the 1990s at 11,497.12. He hit it on the nose.
January 2, 2000 |
Who will make big news in the business world this year? Who will emerge from relative obscurity to become a major player? To start the new year, Times business reporters selected people from their beats who they believe will be among those to watch in 2000--in Southern California, across the country and around the world. Some are well known, having made big news in previous years. Others are not exactly household names but nevertheless are likely to make a major impact in their fields.