TradeLiquidity101

Today, the SEC approved a major FINRA rule change that eliminates the Pattern Day Trader (PDT) rule and replaces it with a new intraday margin system. sec.gov/files/rules/sr… 📷 What’s Being Removed The $25,000 minimum account requirement for day traders 📷 What’s Replacing It A new intraday margin framework that: Measures risk in real time (or end-of-day) instead of counting trades Requires traders to maintain enough equity based on actual exposure Applies to all margin accounts, not just day traders 📷 How the New System Works Firms monitor your account for intraday margin deficits (when risk exceeds equity) 📷 Implementation Timeline Rule is approved now (April 2026) FINRA will: Announce an official start date New rules go live ~45 days after that notice Firms can phase in over up to 18 months 📷 Key Takeaway The market is shifting from “how often you trade” to “how much risk you take.” This is a huge structural change—it opens the door for more traders while still enforcing discipline through real-time risk management.