The SEC on April 14 approved FINRA's proposal to eliminate the $25,000 minimum equity requirement for pattern day traders. This removed one of the most persistent barriers to retail market ...
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The 'pattern day trader rule' is dead. The result is a massive surge in risky leverage.
Retail investors are in love with leverage. In June, margin debt hit a record high of $1.5 trillion, up 49% from a year ago, according to the Financial Industry Regulatory Authority. Experts say that ...
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