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finra-proposal
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Substrate placeholder — needs review · Wikimedia Commons (CC BY-SA 3.0)finance5 days agoDeveloping
SEC Approves Elimination of $25,000 Pattern Day Trader Equity Requirement, Effective June 4
The U.S. Securities and Exchange Commission has approved a proposal to eliminate the pattern day trader rule, replacing it with a flexible intraday margin rule. This change follows a FINRA proposal and coincides with surges in meme stocks like Allbirds and Avis Budget Group. Shar…