SEC eliminates pattern day trading rule, opening trading to more retail investors
The change could broaden market access by removing a long-standing trading restriction, while increasing risk for retail investors and brokerages, the report says.
Fact Check
The SEC's own approval order (SR-FINRA-2025-017, published at sec.gov on April 14, 2026) confirms the Commission approved a FINRA rule change that eliminates provisions for 'pattern day traders,' day-trade counting, and the $25,000 minimum equity requirement. FINRA Regulatory Notice 26-10 and Schwab's reporting corroborate that the changes take effect June 4, 2026. The cryptobriefing.com headline is accurate in substance, though technically the SEC approved FINRA's amendment rather than directly authoring the rule's elimination. The $25,000 PDT minimum and pattern-day-trader designation are indeed being eliminated.
Summary
verifying reliability
Terms & Concepts
No specialized terms available for this topic.