On February 27, 2001, the SEC approved rule changes proposed by the NYSE and FINRA (NASD) aimed at imposing more stringent margin requirements for day trading customers. Under these rules, customers who are deemed "pattern day traders" must have at least $25,000 in their accounts and can only trade in margin accounts.
We are asking for the abolition of this rule and for real and true limitless trading. This is a huge barrier to entry for small investors that are smart, yet lack the funds to maintain in their account.
By ending this rule, many new investors will be able to use their strengths and skills to earn a good living.
The claim is that the rule protects small investors from losing their money. The fundamental issue here is that we should be able to do as we wish with our money.