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What happens if I receive a Pattern Day Trader violation?

Your account will be restricted for a period of 90 calendar days after being flagged as a day trade pattern (PDT), during which time no new positions can be bought.

If your account is flagged as PDT, you have the following options:

  1. Deposit additional funds to bring your Investment Account equity to the minimum level of US$25.000, the amount required by FINRA, the American regulatory body.
  2. Wait for the restriction to expire in 90 days.

 

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