PDT rule will not be removed on February 28th, instead SEC wants to consider it until March 14th now.
u/Infinite_Music2074 ·
Reddit — r/wallstreetbets
· February 17, 2026 at 03:41
· ⬆ 199 pts
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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](https://www.federalregister.gov/documents/2026/01/14/2026-00519/self-regulatory-organizations-financial-industry-regulatory-authority-inc-notice-of-filing-of-a) released on Jan. 14th)
However the document has been updated, extending the deadline to March 14th.
The [new document](https://www.federalregister.gov/documents/2026/02/02/2026-02003/self-regulatory-organizations-financial-industry-regulatory-authority-inc-notice-of-designation-of-a) says SEC needs more time for a careful consideration.