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FINRA to revise day trading to attract more retail investors

FINRA HQ
Photo: FINRA

Thomas Hyrkiel, Julie DiMauro

2 min read
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Going to the SEC for approval are also proposals for revised corporate financing rules, outside activities requirements, and an increase to the gift limit.

The Financial Industry Regulatory Authority (FINRA) board at its September meeting continued its focus on the FINRA Forward initiative, approving amendments that will replace the day trading and pattern day trading rules with an intraday margin rule.

These rules include the minimum equity of $25,000 for pattern day traders to

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