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Does the Pattern Day Trader (PDT) rule apply on all brokers?

Personal Finance & Money Asked on March 8, 2021

Does the Pattern Day Trader (PDT) rule apply on all brokers? or some brokers can ignore it

One Answer

The pattern day trader rule is a U.S. regulation established by the Financial Industry Regulatory Authority (FINRA) and the U.S. Securities and Exchange Commission (SEC). It applies to margin accounts with brokers in the U.S. Offshore brokers are not subject to SEC and FINRA rules.

Correct answer by Bob Baerker on March 8, 2021

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