What would happen to my account if I'm deemed a Pattern Day Trader?

An account will be restricted for 90 calendar days upon being flagged as a PDT account, during which no new positions can be traded. 

You have the following options if your account is flagged:

A.      Deposit additional funds to bring the account’s equity up to DriveWealth’s required minimum of $25,000.
B.      Wait for the restriction to expire in 90 days
C.      Request a PDT account reset

FINRA (Financial Industry Regulatory Authority) has provided brokerage firms the ability to remove the PDT flag from a customer’s account within 180 days. If you did not intend to day trade with your account, DriveWealth can grant a one-time PDT reset. 

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