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Strategies & Market Trends : From the Trading Desk

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To: steve goldman who wrote (3848)	11/20/1998 12:37:00 PM
From: David Penfield	Read Replies (1) of 4969

Question about day trading in a cash account. Steve (and thread) - My current brokerage firm does not allow day trading in a cash account. If I buy a non-marginable stock in the morning I can not sell it that day. They say that if I do sell it the same day then my account becomes restricted to only being able to trade with available funds for the next six months. Does this sound normal? Are these street (SEC, exchange, etc) regulations or are they particular to this broker? Does Yamner allow day trading in a cash account? Thanks, David

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