PDT rule will not be removed on February 28th, instead SEC wants to consider it until March 14th now.

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by Infinite_Music2074

Last year news said that FINRA proposed to abolish the PDT rule.

PDT (pattern day trader) rule means you have to have at least $25,000 to day trade when you have been flagged as violating the PDT rule (day trading more than 3 times for successive 5 days).

Several weeks ago news said that the proposal will be determined by SEC by Feb. 28th since the proceedings have to end within 45 days of proposal. (see the document released on Jan. 14th)

However the document has been updated, extending the deadline to April 14. (Sorry the title was wrong)

The new document says SEC needs more time for a careful consideration.

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