E*TRADE Financial Corp. (ETFC) has announced a 1-for-10 reverse stock split.
As a result of the reverse stock split, each ETFC Common Share will be converted
into the right to receive .10 (New) E*TRADE Financial Corp. Common Shares.
The reverse stock split will become effective prior to the open of business on June 2, 2010.
This corporate action will be coordinated with the Options Clearing Corporation.
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