FINRA Updates Intraday Margin Rules for Active Traders
FINRA has updated its margin rules, replacing the 'pattern day trader' designation with a risk-based intraday margin approach, effective June 4, 2026. The changes eliminate the $25,000 equity requirement and focus on monitoring account equity relative to open positions. These updates aim to provide more trading flexibility while maintaining investor protections.
Topics: FINRA investment rules margin trading pattern day trader regulatory changes