Dec. 17, 2025
I am writing to support the elimination of the $25,000 Pattern Day Trading (PDT) minimum. I believe the fixed equity requirement is an outdated barrier that does not reflect modern market access. If the goal is investor protection, a more effective safeguard would be a mandatory short proficiency exam to ensure traders understand the risks—similar to how options levels are handled. Currently, individuals are free to risk unlimited capital in casinos without any prior vetting; investors should have the same right to manage their own capital and risk levels in the markets without an arbitrary $25,000 floor. I support transitioning to a risk-based margin system that allows all investors to trade their own accounts responsibly.