Chiara
Tue Sep 24 2024
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6 answers
1290
What happens if you are flagged as a PDT but have over 25,000?
So, let me get this straight. If someone is identified as a Pattern Day Trader, or PDT, but they happen to have a portfolio exceeding 25,000, what exactly are the implications? Does this mean they're exempt from the PDT rules altogether? Or do they still need to abide by certain restrictions, despite their significant holdings? It's a bit of a gray area, so I'm curious to hear your take on it. Are there any specific conditions or stipulations that need to be met in order for a PDT with a large portfolio to avoid the standard PDT restrictions? And how does the regulatory body, like the SEC or FINRA, handle such cases?
