SEC Ends Pattern Day Trader Rule, Removing $25,000 Minimum

The Pattern Day Trader rule, which required a $25,000 minimum for day trading stocks, has officially been eliminated. According to NS3.AI, the U.S. Securities and Exchange Commission (SEC) approved a notice to end the rule in April, and the change became effective on Thursday. FINRA Regulatory Notice 26-10 indicates that firms needing additional time to comply can phase in the changes through October 20, 2027.