Lowering the Pattern Day Trader (PDT) minimum threshold from $25,000 to $2,000 would create a more inclusive and equitable trading environment, enabling retail investors with smaller accounts to participate in day trading without unnecessary financial barriers. The current $25,000 requirement disproportionately favors wealthy individuals and institutions, effectively excluding everyday traders
Hello, I am a student who is interested in trading. PTD rules force me to use riskier trading products (futures/options/kalshi/etc) instead of buying selling equities. Most of my strategies surround the S&P but because I cant trade the S&P more than a couple times a week I am forced to used riskier products that fit my needs. Please change this rule!
If the rule was really meant to "protect" people from losing money, they wouldn't allow gambling in this country. The rule forces people to put more money into brokerage accounts than is really necessary. It also creates a socioeconomic barrier to becoming a trader.Hopefully someday they reconsider it
As announced by The Options Clearing Corporation (OCC) and the national options exchanges, due to the National Day of Mourning on January 9, 2025, the Contrary Exercise Advice (CEA, also known as “Expiring Exercise Declaration” or EED) cut-off time for options that expire on January 9, 2025, will be modified as follows:Option holders will have until 10:00 a.m. Eastern Time (ET) on January 9, 2025
Hello, I appreciate the opportunity to comment on this issue. The premise behind the day trading rule is based on protecting the investor, but this limits a lot of small investors from learning the trade. Let's be honest here, there's a lot of "day traders" who aren't successful because they are gambling. Well, at least with the stock market, people are able to make
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This is [REDACTED]. It's like you at the real casino, you cant cashout or leave until the next day unless your bank account has $25,000. This is pure discrimination for people that dont have 25,000$ in their bank account. This PDT [REDACTED] protect no one, i used to get cash advances from credit cards balance transfer to maintain over 25k in my brokerage account, then i took out 50k loan
Financial Industry Regulatory Authority, Inc. (“FINRA”) is filing with the Securities and Exchange Commission (“SEC” or “Commission”) a proposed rule change to amend FINRA Rule 6897 (Consolidated Audit Trail Funding Fees) to establish fees for Industry Members related to reasonably budgeted Consolidated Audit Trail (“CAT”) costs of the National Market System Plan Governing the Consolidated Audit
Financial Industry Regulatory Authority, Inc. (“FINRA”) is filing with the Securities and Exchange Commission (“SEC” or “Commission”) a proposed rule change to amend FINRA Rule 6897(b) (CAT Cost Recovery Fees) to implement a Consolidated Audit Trail (“CAT”) cost recovery fee designed to permit FINRA to recoup its designated portion of the reasonably budgeted CAT costs of the National Market
