E*Trade is having an outage right now which is causing many investors some major headaches, especially because of the timing. The online trading platform confirmed via its Twitter account that it is having some kind of outage and that they are working to restore full access.


Fed minutes to release soon

One of the reasons E*Trade users may especially want to conduct some time sensitive trades is because the minutes from the latest Federal Reserve meeting are due out soon. Investors have been watching for signs that tapering will begin in earnest, and those meeting minutes could provide a clue about that.

Reddit users posted threads about the E*Trade outage, with some even saying that the company’s dedicated phone line for Platinum users stopped accepting calls because of “high call option” and did not provide an option for customers to hold and wait.

E*Trade targeted by DDoS attack?

A Twitter account run by a group calling itself 1775 Sec claims to have taken down the E*Trade website in a DDoS attack. One tweet says 1775 Sec itself took down the website, while another says “Thomas Jefferson” did. Not sure about that one as there doesn’t appear to be any reports of a hacker group calling itself by the former president’s name.

There are some Internet postings (like this one on Pastebin) about 1775 Sec which claim it is a “group of hackers and hacktivist from the internet collective Anonymous.” It looks like the tweets from this account might have come out before E*Trade went down, however, this account’s users could be nothing but trolls since the exact timing of the site going down is unclear.

At this point though, it is just too early to know that this outage is the result of a denial of service attack as the account is claiming. The other claims on the Twitter account do seem to call this claim into question, as the user claims to have breached Ford’s website and compromised its database. There are also numerous tweets about “leaked emails, passwords and phone numbers via Thomas Jefferson” and warnings that “you will not be safe” and “your data will not be safe” and “the Internet will not be safe.”

In December 2011, E*Trade was targeted by a hacker group which knocked it offline then.

Scottrade outage earlier

Interestingly enough E*Trade isn’t the only online trading company experiencing an outage today. Scottrade went down for some users for a time, according to Twitter reports. However, the E*Trade outage appears to be more serious and widespread. Plus, as already mentioned, these minutes are precious to some traders wanting to complete trades ahead of the Fed’s minutes release.


  • Nicholas Bilaczenko

    With millions of internet financial transactions each day inevitably 2 financial transactions are sent and travel over the internet as electronic data and meet simultaneously at the junction of chip set microprocessors within a computer that electronic data collides forcing chip sets to process electronic data in a different way than how those chipsets have been programed to process data, resulting in computer malfunctions and bad data processing of financial detriment. In an environment for want of financial gain and cost cuts had the ASX and all 60+ participating ASX member stock brokers outlayed an expense for adequate and proper trails and testing it would have been discovered flawed internet technology incorporated into experimental computer technology results in stock broker’s electronic share trading platforms to malfunctions and bad data processing of financial detriment.

    Flawed internet computer technology is not solely used by all major global stock exchanges , stock brokers, hedge funds and derivative trading but also as all banks coincide in the business of stock brokering the same identical flawed internet computer technology is used by Bank EFTPOS, aviation flight centres, national shipping, our defense forces and other commercial applications which regularly malfunction effecting on occasions all Australians nation wide, with payment of wages failing to be deposited into accounts , fund transfer to pay bills failing, banks EFTPOS systems dispersing incorrectly large amounts of cash that do not belong to customers, scheduled flights cancelled because of computer malfunctions leaving 1,000’s travelers stranded at airports, and baggage being unable to be located, shipping containers whose owners cannot be identified and at which Australian port the containers are stored, so that customs areunable to check and release containers, leaving ships anchored out at sea unable to unload because of back log effecting our nation’s economy and many more examples too numerous to list all here.
    The enginuity of US hedge funds and toxic mortgage debt caused the Global Financial Crisis [GFC] a near collapse of the global monetary system. An out of control major stock exchange automated electronic trading systems can bring about the collapse of any nations financial systems as recently experienced on May 2010 with an unprecedented -1,000 point free fall of the Dow Jones[DJIA] known as the ‘Flash crash”. Internet computer technology is the sole vessel for the Global Financial Crisis[GFC]