Series 99: 1.2.2.8 Pattern Day Trading Accounts

Taken from our Series 99 Top-off Online Guide

1.2.2.8 Pattern Day Trading Accounts

A pattern day trader is any customer who executes four or more day trades within five business days. Pattern day traders must open day trading accounts. FINRA requires a minimum equity requirement of $25,000 on any day that trading occurs. Buying power in a day trading account is up to four times the maintenance margin excess (funds above $25,000 equity).

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