Reported about 10 hours ago
U.S. regulators are moving forward with a proposal to revise the pattern day trading rule, which currently requires a minimum balance of $25,000 to trade frequently. The new plan would lower the threshold to $2,000, potentially increasing retail investor participation. Critics warn that loosening these restrictions could lead to higher risks for inexperienced traders, echoing concerns raised in studies about the financial performance of retail investors engaging in day trading.
Source: YAHOO