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The U.S. SEC cancels the "Pattern Day Trader" rule and revokes the minimum balance requirement
ME News Update, April 15 (UTC+8), the U.S. Securities and Exchange Commission (SEC) has announced the repeal of the “pattern day trader” rule. This change removes the previous requirement for day trading accounts to maintain a minimum balance of $25,000. The rule was originally designed to restrict frequent trading activities to reduce the risks faced by investors. (Source: MLion)