Abolish the Pattern Day Trading Rule!

Abolish the Pattern Day Trading Rule!

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Glenn Isaacs started this petition to Financial Industry Regulatory Authority

The Financial Industry Regulatory Authority (FINRA)

has imposed a rule that says if a person makes more than three round trip trades in stocks or options they are considered a pattern day trader and must have $25,000 in their account at all times. 
If the balance goes below $25,000 and the trader makes a round trip trade in the same day the trader will not be able to day trade for 90 days in that account. 
This petition seeks to remove this draconian rule. 
PLEASE SIGN THIS PETITION AND SHARE WITH EVERYONE YOU KNOW. 

THANK YOU FOR PARTICIPATING!

 

0 have signed. Let’s get to 100!
At 100 signatures, this petition is more likely to be featured in recommendations!