Series 7 - General Securities Representative Exam

Preview Mode
Start Training Session

The PDT rule

Limits day trades in a margin account with less than $25,000 to 5 per 5 business day rolling period
A
Limits day trades in a margin account with less than $25,000 to 3 per 5 business day rolling period
B
Limits day trades in a margin account with less than $10,000 to 5 per 5 business day rolling period
C
Limits day trades in a margin account with less than $10,000 to 3 per 5 business day rolling period
D
Training

Explanations

The Pattern Day Trade Rule limits day trades in a margin account with less than $25,000 to 3 per 5 business day rolling period. Accounts with over $25,000 may day trade without restriction

Pricing