Steven Freiberg Net Worth is1.7 $Million
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Type: Public company
Traded As: ETFC, S&P 500
Foundation: Palo Alto, California (1982)
Location: Time-Life Building, New York City, New York United States
Key People: Frank J. Petrilli, CEO, url
Num Employees: 3,162 (03/31/2012)
Industry: Financial Services
Products: Trading & investing, banking & credit cards, retirement & planning
Revenue: operating income
Net Income: assets
Equity: homepage
E-Trade Financial Corporation (NASDAQ: ETFC) (often styled E*TRADE) is a financial services company based in New York City, United States. It is a holding company, the major business of which is an online discount stock brokerage service for self-directed investors. Investors can buy and sell securities such as stocks, bonds, options, mutual funds, and exchange-traded funds via electronic trading platforms or by phone via E-Trade Mobile Pro. The company also offers banking and lending products such as checking and savings accounts, money market accounts, certificates of deposit, and credit cards. E-Trade's brokerage business is regulated and licensed by the Financial Industry Regulatory Authority (FINRA). E-Trade also has a wholly owned subsidiary E-Trade Bank.
In 1982, William A. Porter and Bernard A. Newcomb founded TradePlus in Palo Alto, California. In 1991, Porter founded a new company, E-Trade Securities, Inc., with several hundred thousand dollars of startup capital from TradePlus. E-Trade offered its trading services via America Online and Compuserve. In 1994, its revenues neared $11 million (up from $850,000 in 1992). It later reorganized and emerged under the name E-Trade Group, with E-Trade Securities as its principal subsidiary.
In August 1996, it went public with Robertson, Stephens & Company as the lead underwriter. In 2003, the company changed its name from E-Trade Group Inc. to E-Trade Financial Corporation.
In 2001, a publicly traded online brokerage firm known as Web Street Securities was acquired by E-Trade. Web Street had a strong presence in cities throughout the United States with offices in Beverly Hills, Boston, Denver and San Francisco. The sale was $50 million in stock and cash.
In 2003, the Toronto-Dominion Bank held talks to merge its TD Waterhouse discount brokerage with E-Trade, but the two sides could not come to an agreement over control of the merged entity. In 2005, E-Trade made an unsolicited offer for Ameritrade, curre

Steven Freiberg Latest News

E*Trade Ousts CEO Freiberg

E*Trade Financial Corp.'s board dismissed Chief Executive Steven Freiberg and named its current chairman, brokerage industry veteran Frank Petrilli, to be the company's interim CEO while it conducts a search for a successor. The board's decision to let Mr ...
Posted: August 9, 2012, 6:04 am

E*Trade Dumps CEO in Possible Sign of Buyout by TD Ameritrade

Share Tweet Post Flip It! E*Trade Financial (NASDAQ:ETFC) ousted Steven J. Freiberg as Chief Executive Officer, and appointed its board chairman Frank Petrilli to assume the position on an interim basis, as the company seeks for a new leader in an effort ...
Posted: August 8, 2012, 7:16 pm

E-Trade dumps its CEO as it struggles with declining volume

NEW YORK (AP) – E-Trade Financial has ousted its CEO, Citigroup veteran Steven Freiberg, just two years into a four-year contract as the online broker deals with declining trading by customers. The company said Thursday that it's looking for a new CEO as ...
Posted: August 9, 2012, 4:35 am
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