What is your experience with E-Trade? Last week when I have tried to close position, I found that my account has been "frozen". My first reaction obviously was that it is one of many system problems they have from time to time. It gets worst when I called them. After an hour waiting for somebody to be available, they are saying that a letter was sent asking for a $1 check to verify my account. I did not receive this letter. Mailed check last week, account is still frozen and my position keeps going down. Is it legal for them to shut down an account without any notice or warning? What action, if any, I can take to recover losses caused by E-Trade?