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This is absolutely ridiculous.
PDT rules create undo burden and increase the level of risk and loss associated with trading. Having a required $25,000 minimum was an already ridiculous standard, increasing that to $100,000 would be absurd. This is the type of wealth discrimination that allows for the rich to prosper at the exact expense of the average person.
I don't see why FINRA has to raise the threshold to day trade. Whatever funds I have available to trade with are mine and mine alone to do with. If my broker want to take precautions to ensure they don't encurs losses. That's between them and I. FINRA should never lowering the minimum amount required to day trade to $10K or less. This would make it for favorable to everyone to enter the market and make an attempt at earning a decent living.
