Richard M Primavera Comment On Regulatory Notice 24-13 RICHARD M PRIMAVERA I believe there are investors who can realize profits from this trading model.That said I have thought about simplifying the rules concerning any day trading.I believe these investors should have skin in the game and as such must maintain a minimum equity of $100,000. in their margin account at all times.And in the absence of time and tick evidence, I would cap the gross commitment on a given trading day to be no more than 3 times their equity.The difference of any day trading gross greater than 3 times the margin account equity is a margin call.
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Richard M Primavera Comment On Regulatory Notice 24-13
I believe there are investors who can realize profits from this trading model.
That said I have thought about simplifying the rules concerning any day trading.
I believe these investors should have skin in the game and as such must maintain a minimum equity of $100,000. in their margin account at all times.
And in the absence of time and tick evidence, I would cap the gross commitment on a given trading day to be no more than 3 times their equity.
The difference of any day trading gross greater than 3 times the margin account equity is a margin call.