Take action to repeal: FINRA (NASD) Rule 2520. Day Trading Margin Requirements, as well as NYSE Rule 431(g).
These regulatory rules are overbearing and create and unfair market environment which inhibits the financial growth of young investors, and the developing middle class.
This rule was created to "protect" small investors who supposedly make less intelligent decisions. However, the financial crises of the past decade have shown that investors with large sums of capital are no smarter. I need mention no more than their names: Lehman Brothers, AIG, Goldman Sachs, and JPM's London Whale. When their investments go bad, they are bailed out, while the small investors realize their risk and live with the consequences.
Mr. President, seek to have these rules changed.



