nope not knocking any one at a low trade cost flipper .. but why stick around to see how this turns out.

even two cans with string attached one end the broker ,, the other end the broke ..is perfectly sane //

but if this news is positive then keep e=trading away.. and one does save three bucks or so

ment uses fidelity and the 12 buck trade… have no use for full line broker ..

and could really care less where folks trade .. just aheads up. is all..

Jim Sinclair’s Commentary

This is not over.

E-Trade CFO and general counsel resign
The executive exodus from the troubled online brokerage continues, four months after CEO Mitchell Caplan was forced out and the outfit teetered on the verge of bankruptcy.
April 26, 2008: 8:16 AM EDT

SAN JOSE, Calif. (AP) — An executive exodus from troubled online brokerage E-Trade Financial Corp. is continuing, with the chief financial officer’s and general counsel’s departures announced Friday as the company grapples with massive losses stemming from its hemorrhaging mortgage business.

The New York-based company said after the market closed that Chief Financial Offi cer Robert Simmons will resign on or before May 9, while General Counsel Arlen Gelbard’s resignation was effective Tuesday.

The CFO slot will be filled by Matthew Audette, E-Trade’s controller, while the company searches for a permanent replacement. The general counsel position will be filled on an “extended interim basis” by Russell Elmer, who served in that role for six years before leaving the company last year.

Company in turmoil

The company did not detail the reasons behind either executive’s departure.