The SEC approved FINRA's plan to abolish the $25,000 pattern day trader rule, replacing it with intraday margin standards.

The SEC is ending its dotcom crash-era day trading rule, a move that sent Robinhood and Webull shares sharply higher.

Robinhood Markets (NASDAQ:HOOD) shares rose 6% Wednesday, building on Tuesday’s 10% gain after the Securities and Exchange Commission approved the elimination of restrictive pattern day trader rules.

A Securities and Exchange Commission move to axe a decades-old rule aimed at damping risky trades could encourage small investors to get even more active in the U.S. stock market. Retail brokerages su ...

According to Financial Industry Regulatory Authority (FINRA), a pattern day trader (PDT) is someone who trades at least four times over the course of five business days and their day trading exceeds ...

Violating the pattern day trading rule can be a costly mistake for active investors. For the uninitiated, it can result in trading restrictions or a locked account. And when that happens, any holdings ...