With Ameritrade close to settling their ARPs problem, ETRade and Oppenheimer are now the two major brokers left that haven't reimbursed clients they illegally marketed Auction Rate Securities to. They've been sued by Mass. AG already, and still are fighting it.
It's been one year now since the market froze and clients are STUCK with completely illiquid paper that was sold to them as "Cash." How can they still be in business? Don't give them your money.