It's a large account ($500,000 plus) and I'm an active trader. THEY MADE A STUPID MISTAKE WITH ME. Here's my "Good Bye" notice to Etrade:
I have been with Etrade for many years but I am now Shifting my account. I put in an order for FaceBook IPO shares in a timely fashion but was allocated NO SHARES!
I have friends that have multiple accounts with much less money and they all got an allocation (in multiple accounts!) I even walked several other account holders in ETrade through the process AND even made sure everyone raised their top price properly.
To say I'm disappointed is an understatment! I'm DISGUSTED!
This account will be closed out next week.
You have to do more than put in request for shares. You have to fill-in the E*Trade IPO form, and check box saying you read prelim prospectus, and offering data. It's also possible you flipped other IPOs at E*Trade and as a result you didn't get shares.