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My wife & I have separate accounts of over $100k each with AMEX too. We moved them from Salomon Smith Barney because of their commission free transactions & we respect the company. We are not day traders & most of our investment are for long term but we do have set aside a small portion of it to trade actively.

Like everybody else, now we have lost faith in AmEx. If they do not do anything to the change, we will move our accounts to another discount broker. We will also close our AmEx credit card account. I guess they do not realize that they could lose their credit card business too. I will spread the news to my friends who have AmEx credit cards.
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