Replies to post #4657 on Zeev's Turnips Patch-No Politics (ZEEV)

[JLSegal]

FYI, here's a site that provides a summary of the day trading rules :

http://www.mytrack.com/dtfaq.htm
The New Day Trading Regulations

A Brief Summary

The NASD and NYSE have issued a new set of industry-wide regulations regarding day trading. The rules took effect September 28, 2001.

Regardless of whether or not you consider yourself to be a day trader, new industry-wide definitions and thresholds have been established. If you fit the definition of the newly created category of Pattern Day Trader, your account will be deemed to be a Day Trading Account. Day Trading Accounts must maintain a minimum equity of $25,000. (More details below.)

We urge you to read the following FAQ?s to learn about the NASD/NYSE?s new day trading rules.



FAQ?s