Jacob Comment On Regulatory Notice 21-11
My only comment is that if an individual is on a margin account, why should they be governed by the PDT rule. Or better yet, why does this rule still exist. It is the most un-American regulation Ive ever heard of. That your organization has the audacity to try and tell hardworking Americans what how much they must have in order to day trade. This is an obvious sham, and does not exist to protect ANYONE, as those same investors can trade cryptocurrencies 24/7, unlimited, and can just as easily lose money swing trading. Do your job your job and protect investors from this harmful, archaic, and Un-American law. Or continue to serve the institutions rather than the people. Your choice.