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E-trade Policy

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Last Post: 3/21/2012 1:18:59 AM - Followers: 1 - Board type: Premium - Posts Today: 0

CAN ANYONE TELL ME? What happens if you get flagged with a pattern day trade violation for the first time on E-trade. I was told by their customer service they would let it slide the first time without me having to deposit the additional 25k to prevent from being suspended for the 90 days. But I am looking for specifics as in will I not be able to access my funds for a period of time or anything? Will my trade be effected during the process ie? This has not happened yet, but I am almost certain it might tomorrow. But I think I could make enough off this jump for it to be worth it.
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