Retail accounts with under $25,000 now have unrestricted intraday trading access

Retail investors with less than $25,000 in account equity can now execute four or more intraday trades actively using margin accounts. This follows the SEC approval of a FINRA proposal to remove pattern day trading rules, which eliminated the $25,000 minimum equity requirement. Margin and risk are now assessed in real-time. Trades will be blocked or margin calls issued if an intraday position exceeds the risk capacity of the account's equity. Customers must add funds or reduce positions if exposure grows too large. Retail trading volumes in equities are expected to increase. Robinhood, Interactive Brokers, and eToro will see increased volume.