SEC Roundup 87: Day Traders vs. FINRA - The Fight to Reform the $25K PDT Rule

Описание: In this episode of SEC Roundup, Tom Zaccaro and Nick Morgan are joined by Ross Cameron, the founder of Warrior Trading, one of the most recognizable voices in the day trading world, with nearly 2 million YouTube subscribers. Together, they tackle the long-standing—and long-criticized—Pattern Day Trading (PDT) Rule from FINRA, which requires U.S. traders to keep $25,000 in their accounts to make more than three day trades in a five-day period.

Click here to help ICAN advocate for swift action on PDT Reform: https://www.icanlaw.org/pdt-reform-si...

Ross shares his firsthand experience navigating this rule throughout his career and explains why it may actually increase risk for new traders. By unlocking four times leverage, the rule effectively encourages overexposure and high-stakes trading—especially for those just starting out. Worse yet, it pushes aspiring traders to use risky offshore brokers or borrow funds just to meet the minimum threshold.

The conversation also explores:
• How FINRA’s proposed $2,000 minimum reform could empower safer, smaller-scale trading
• Why access to settlement margin without leverage might be the sweet spot
• How other asset classes like forex and futures avoid this kind of restriction entirely
• And how the PDT rule compares—unfavorably—to gambling regulations

The founder of Warrior Trading makes the case that reforming or removing the PDT rule would reduce risk, enhance investor education, and align trading rules with the modern market. If FINRA and the SEC are serious about protecting retail investors, it may be time to give them back the power to manage their own risk—on their own terms.

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