Investor Help (NO Ihub questions)

[cintrix]

More info regarding pattern day trading...from Etrade:

The Financial Industry Regulatory Authority (FINRA) recently approved changes to its margin rules that remove the Pattern Day Trader (PDT) framework and replace it with a modern intraday margin approach. These changes are designed to give traders more flexibility while ensuring margin accounts maintain equity that aligns with their intraday market exposure.

The updated rule goes into effect on June 4, 2026 (the "Effective Date"). Although financial firms have up to 18 months for implementation (through October 20, 2027), E*TRADE expects to implement changes to align with the new requirements shortly after the Effective Date. We`ll post updates on etrade.com and in our trading apps as soon as timing details are available.

What this may mean for you:

Margin accounts will no longer be designated as PDT accounts, regardless of trading activity, and the $25,000 minimum equity requirement associated with PDT status will no longer apply.
Round-trip trades (opening and closing the same security on the same trading day) will no longer be counted.
Eligible cash balances, including amounts swept to bank sweep programs, will now be included in your intraday margin excess.
Trading that creates an intraday margin deficit (IMD)—generally, spending in excess of your intraday margin level—may result in an IMD call.
If your account is currently designated as PDT and subject to any PDT-related account restrictions (e.g., restrictions on opening transactions or an open day trading call), those restrictions will be removed, provided that your account meets standard margin requirements (including the $2,000 minimum equity requirement).