The FINRA 'pattern day trader' rule is the highest degree of governmental paternalism and should be abolished from trading securities. Citizens should have the right to use their money as they choose without exorbitant restrictions.
The FINRA 'pattern day trader' rule was passed on February 27th, 2001 by the SEC because the SEC believes people with account sizes less than $25,000 represents less sophisticated investors and thus, protect these traders from themselves.
This rule makes it nearly impossible for traders with small account sizes to build their portfolio at any valuable or self-fulfilling pace.