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TechFlow News, April 15: According to Cointelegraph, the U.S. Securities and Exchange Commission (SEC) announced the repeal of the “Pattern Day Trader” rule, eliminating the requirement that day-trading accounts maintain a minimum balance of $25,000. The rule was originally designed to curb frequent trading activity and mitigate investor risk.
According to Cointelegraph, the U.S. Securities and Exchange Commission (SEC) has announced the repeal of the “Pattern Day Trader” rule, eliminating the requirement that day-trading accounts maintain a minimum balance of $25,000. The rule was originally designed to curb frequent trading activity and reduce investor risk.
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