The SEC approved changes to the pattern day trading rule, shifting from a fixed $25,000 threshold for small investors to risk-based margin requirements applied to all traders. Public feedback “overwhelmingly supported” the plan, which includes the “elimination of the $25,000 minimum equity requirements and definition of pattern day trader,” SEC Assistant Secretary Sherry Haywood wrote in an order. Shares of Robinhood (HOOD) rose 7.2% in premarket trading while Webull (BULL) gained 8.2%.
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