The following Letter Type A, or variations thereof, was submitted by individuals or entities.

Letter Type A:

I support the proposed rule change SR-FINRA-2025-017 to replace the outdated fixed $25,000 pattern day trading minimum with risk-based intraday margin standards.
The current PDT rule creates unnecessary barriers for retail traders with smaller accounts and does not meaningfully protect investors in today’s market environment. I urge the SEC to adopt the proposed amendments and modernize the margin framework to focus on actual risk exposure rather than arbitrary equity thresholds.