Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Trade What You See, Not What You Think -- Ignore unavailable to you. Want to Upgrade?

To: chris- who wrote (722)	9/5/2001 8:49:36 PM
From: speedbot	Read Replies (2) \| Respond to of 867

Hello everyone. Please help. Tell me I'm not the only person who feels the new changes to NASD rule 2520 are unfair. From Briefing's In Play section on August 27- 09:03 ET Margin Requirements Raised : WSJ Online reports that the NYSE and NASDAQ are raising the minimum equity needed by "pattern daytraders" to trade on margin to $25,000 from $2,000. A "pattern daytrader" is defined as someone who executes at least four daytrades in a single week. NASD Rule 2520 sec.gov Send complaints here: nasdr.com and here: sec.gov I know that 25k may seem insignificant to some but I think this type of change is inherently wrong in creating an uneven playing field. Steve