Pattern Day Trading
Pattern day trader (PDT) is a FINRA classification that applied to margin account holders who executed four or more day trades within a five-business-day window. The associated $25,000 minimum equity requirement, in place since 2001, was approved to be eliminated by SEC on April 14, 2026. On April 20th, FINRA announced that the effective date for this rule change will be June 4th, 2026.