The SEC on April 14 approved FINRA's proposal to eliminate the $25,000 minimum equity requirement for pattern day traders. This removed one of the most persistent barriers to retail market ...
FINRA is getting rid of the 2001 Pattern Day Trader (PDT) rule and replacing it with new intraday margin requirements. Here’s what it means for day traders and brokerage firms.
Violating the pattern day trading rule can be a costly mistake for active investors. For the uninitiated, it can result in trading restrictions or a locked account. And when that happens, any holdings ...
A Securities and Exchange Commission move to axe a decades-old rule aimed at damping risky trades could encourage small investors to get even more active in the U.S. stock market. Retail brokerages su ...
IG North America, an online derivatives trading provider, is working with the US regulators to modify rules around pattern day trading, according to CEO JJ Kinahan. JJ Kinahan “We’re working with the ...