SIE: 8.3.7. Day Trading Accounts

8.3.7. Day Trading Accounts

A pattern day trader is any customer who executes four or more day trades within five business days. Pattern day traders must open day-trading accounts. FINRA requires a day-trading account to have a minimum of $25,000 in equity.  This minimum amount must be deposited to the account before any day-trading activities take place and must be maintained at all times.  Buying power in a day-trading account is up to four times the maintenance margin excess (funds above $25,000 equit