E*Trade
I originally opened an E*Trade account under a promotion with Northwest Airlines. I received the following notice: E*TRADE Securities, Incorporated will reorganize and be renamed E*TRADE Securities LLC ("E*TRADE
Securities"). On September 3, 2002, E*TRADE Clearing LLC ("E*TRADE Clearing") will become our clearing firm and perform
centralized cashiering, bookkeeping, and execution functions for our cash and margin accounts. E*TRADE Clearing also is a
wholly-owned indirect subsidiary of E*TRADE Group, Inc.
Does anyone know what E*Trade is reorganizing and should I consider moving my account?