Bank websites

[Hal Duston]

Personally I blame the SEC.  Emphasis mine.

Eligibility Requirements

"By their nature, investing in an IPO is a risky and speculative
investment.  Brokerage firms MUST consider if the IPO is appropriate for
individual investors in light of their income and net worth, investment
objectives, other securities holdings, risk tolerance, and other
factors. A firm MAY NOT sell IPO shares to an individual investor unless
it has determined the investment is suitable for that particular
investor."

Modified:11/24/1999 

http://www.sec.gov/answers/ipodiff.htm

Thanks,
--
Hal

On Thu, 07 Oct 2010 11:05:33 -0500, Jeffrey Watts wrote:
> I'd like to point out that E-Trade was the company that screwed over
> thousands of open source developers and contributors when they handled Red
> Hat's IPO.  I personally will never do business with them.
> 
> http://www.salon.com/technology/feature/1999/07/30/redhat_shares
> 
> Jeffrey.
> 
> On Thu, Oct 7, 2010 at 10:29 AM, David Nicol <davidnicol at gmail.com> wrote:
> 
> > I like e-trade for a bill payment clearinghouse. It seems to me that
> > the interests of a brokerage are more aligned with their depositors
> > than the interests of a bank, where the depositors are in fact the
> > product, not the customer.