August 9, 2013 (Shareholders Foundation) - An investigation on behalf of investors of E TRADE Financial Corporation (NASDAQ:ETFC) shares over potential securities laws violations by E TRADE and certain of its directors and officers in connection certain financial statements was announced.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of E TRADE Financial Corporation (NASDAQ:ETFC) concerning whether a series of statements by E TRADE Financial Corporation (NASDAQ:ETFC regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

E TRADE Financial Corporation (NASDAQ:ETFC) reported that its annual Total Revenue declined from over $2.36 billion in 2011 to over $2.16 billion in 2012 and that its Net Income of $156.70 million in 2011 declined to a Net Loss of $112.58 million in 2012.

Shares of E TRADE Financial Corporation (NASDAQ:ETFC) grew from $7.74 per share in November 2012 to $15.29 per share on August 2, 2013.

On August 6, 2013, E TRADE Financial Corporation disclosed in a filing with the Securities & Exchange Commission (SEC) that, on July 11, 2013, the Financial Industry Regulatory Authority (FINRA) advised the Company that it was investigating the order routing practices of two of the Companys units - E*Trade Securities LLC and G1 Execution Services LLC.

On August 8, 2013, NASDAQ:ETFC shares closed at $14.60 per share.