Robinhood Markets, Inc. HOOD shares are trading higher Wednesday after the U.S. Securities and Exchange Commission approved ...
Robinhood Markets (NASDAQ:HOOD) shares rose 6% Wednesday, building on Tuesday’s 10% gain after the Securities and Exchange Commission approved the elimination of restrictive pattern day trader rules.
The SEC approved sweeping changes removing the long-standing $25,000 pattern day-trader equity requirement. ・Under the old framework, margin-account holders needed $25,000 in equity to make frequent ...