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-0.000329949496440071 -0.000223514175007723 0.000395262080046056 0.000395262080046056 0.000104983930685358 -0.00202372249795967 -0.00528257852144894 -0.00163668496547869
Stock impact report

FINRA Wants Broke Kids to Blow Up Their Margin Accounts Faster [Yahoo! Finance]

Coinbase Global, Inc. - Class A (COIN) 
US:NASDAQ Investor Relations: convertedorganic.com
Company Research Source: Yahoo! Finance
Bloomberg reports that a group of “retail brokerages” met to draft a proposal that could potentially lower the entry for day trading from $25,000 to just $2,000. Before you quit your job and throw on "The Wolf of Wall Street," the $25,000 pattern day trading (PDT) rule is still in force, but could be up for a vote by FINRA's board as soon as this fall. For publicly traded companies like Robinhood (HOOD), Webull (BULL), and Coinbase, which recently announced U.S.-listed stocks and ETFs, this is a win. More traders. More volume. More fees. With the bar for entry set to decrease by some 92%, the most glaring risk is obviously that these would-be retail “day traders” will lose what little they already have. WHAT HAPPENED The $25,000 rule was ironically established as a “never again rule” after the dot-com crash. In the late 90's, discount and online brokers, better known as “day trading shops,” made trading stocks cheap and easy. The house set the rules, risk-based controls, and Show less Read more
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