Wall Street Scrapped a 25-Year-Old Rule. Does It Make Robinhood Stock a Buy Right Now?
Yahoo Finance ·
For years, retail margin accounts with less than $25,000 in equity were limited to fewer than four day trades within any rolling five-business-day window. When customers exceeded this threshold, they were subject to a 90-day account freeze. Now, 25 years later, regulators have scrapped the pattern day trading rule . Robinhood Markets ' ( HOOD 3.92% ) trading platform has historically served users with significantly fewer assets than those of traditional brokers. Without these users hamstrung by old pattern-day-trading rules, is Robinhood stock a buy?
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