DAYTRADING Fundamentals Message Board

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Strategies & Market Trends : DAYTRADING Fundamentals

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To: shneed who wrote (10032)	9/2/2000 11:42:09 AM
From: exdaytrader76	Read Replies (1) of 18137

Rule 2520 Proposed changes: sec.gov It sounds like they are enforcing the changes that I thought had only been proposed, not enacted. I.E., $25K minimum in acct at all times and that ridiculous margin requirement where they add up the MV of all the stocks you traded in a day and say that you have to put up funds as though you had all the positions on at the same time. There are no bulletins posted at www.nasdr.com that say the changes have been passed, and this would be a HUGE deal. I've got to call Penson on Tuesday to ask them. If they voluntarily adopted the proposed changes, I am in for one hell of a week. The proposed changes to 2520 are WRONG. All they would do is ensure that day trading is only allowed for the extremely wealthy.

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