Series 7 - General Securities Representative Exam

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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

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

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