BREAKING: The SEC has officially scrapped the $25,000 day-trading threshold.
The old rule required traders to maintain a $25,000 margin account if they made four or more day trades within five business days.
These stocks could benefit the most from this update:
$HOOD: 27.4M funded customers, $623M Q1 transaction revenue, margin book 93% YoY to $17B
$SCHW: 39.1M active brokerage accounts, record 9.9M daily avg trades, trading revenue 20% YoY
$IBKR: 5M accounts, $789B client equity, 4.37M daily average revenue trades
$VIRT: Market-making machine with $786M adjusted net trading income in Q1