U.S. SEC Abolishes “Pattern Day Trader” Rule, Eliminates Minimum Balance Requirement
Source:
x.com
According to Cointelegraph, the U.S. Securities and Exchange Commission (SEC) has announced the repeal of the “Pattern Day Trader” rule, eliminating the requirement that day-trading accounts maintain a minimum balance of $25,000. The rule was originally designed to curb frequent trading activity and reduce investor risk.