SEC Eliminates $25,000 Pattern Day Trader Rule, Boosting Robinhood and Webull Stocks
The SEC eliminated the $25,000 pattern day trader rule, allowing more retail traders to engage in day trading. This regulatory change led to a 7% rise in Robinhood (HOOD) and an 8% surge in Webull (BULL) shares. The move is expected to expand the addressable market for both platforms, which cater to retail traders.
Topics: pattern day trader rule retail trading Robinhood SEC stock market regulation Webull