¹ Commission-free trade offer applies to a new E*TRADE CompleteTM Investment Account opened with a $2,000 minimum deposit. The new account holder will receive a maximum of 500 free trade commissions for each stock or options trade executed within 60 days of the deposited funds clearing in the new account. New accounts must be funded within 60 days of account open to remain active. Excludes current non-IRA E*TRADE Securities customers, E*TRADE FINANCIAL Corp. associates, and non-U.S. residents. You will pay the commission rate of $9.99 for your first 149 stock or options trades (plus an additional 75˘ per options contract). You will pay the commission rate of $7.99 for stock or options trades 150 to 500 (plus an additional 75˘ per options contract). Your account will be credited $9.99 for your first 149 stock or options trades and $7.99 for stock or options trades 150 to 500 within eight weeks of trade execution (excluding options contract fees). You will not receive cash compensation for any unused free trade commissions. To receive the cash credit, you must deposit funds or securities from an external bank or brokerage account within 60 days. Deposits of new funds or securities from existing E*TRADE Bank and E*TRADE Securities accounts are not eligible for this offer. Credits for deposits of cash or securities will be made as follows: Accounts depositing $250,000 or more receive $500; accounts depositing between $100,000 and $249,999 receive $250; accounts depositing between $50,000 and $99,999 receive $100; accounts depositing between $25,000 and $49,999 receive $50. The cash credit will be made to your account within eight weeks of account funding. This offer is valid only for new E*TRADE CompleteTM Investment Account, and is not valid for IRAs, other retirement, business, trust, or E*TRADE Bank accounts. E*TRADE FINANCIAL Corp. associates, and non-U.S. residents are not eligible. New funds or securities must remain in the account (minus any trading losses) for a minimum of 6 months or the credit may be surrendered. One promotion per customer. One promotion per linked account. We reserve the right to terminate this offer at any time. Accounts must be opened by December 31, 2010, the offer expiration date.

The seminars given by E*TRADE Securities are for educational purposes only. This information neither is, nor should be construed, as an offer, or a solicitation of an offer, to buy or sell securities by E*TRADE Securities. E*TRADE Securities does not offer or provide any opinion regarding the nature, potential, value, suitability or profitability of any particular investment or investment strategy, and you shall be fully responsible for any investment decisions you make, and such decisions will be based solely on your evaluation of your financial circumstances, investment objectives, risk tolerance, and liquidity needs.

E*TRADE Securities ratings for Online Broker by SmartMoney Magazine, May 2010 Broker Survey, based on the following categories: Trading Tools (5 stars), Customer Service (5 stars), Banking Services (5 stars), Mutual Funds & Investment Products (4 stars) and Research (4 stars). SmartMoney is a registered trademark, a joint publishing venture between Dow Jones & Company, Inc. and HearstSM Partnership.