Pattern Day Trading Rules (PDT)
Margin accounts are flagged as PDT when performing more than 3 day trades in a rolling 5-business day period. Accounts under $25,000 in equity will be set t...
Margin Calls & Violations
Good Faith Violation (GFV)
What is a Good Faith Violation (GFV)? A good faith violation (GFV) occurs when a cash account buys a stock or option with unsettled funds and liquidates th...
Required Maintenance Call (RM Call)
A Required Maintenance (RM) call is issued when the margin equity in an account is less than the maintenance requirements. How to meet a Required Maint...
Futures Maintenance Call (FM)
What is a Futures Maintenance Call? (FM Call) A Futures Maintenance call (FM) is issued when the equity in the futures account is less than the margin requ...
Day Trade Call (DT Call)
Day trade calls are generated when a margin account exceeds its starting day trade buying power. Day trade calls are different from Equity Maintenance calls...
Reg-T Call (RT call)
A Reg-T (RT) call is issued when a margin account makes a transaction that exceeds its available buying power. Generally, a Reg-T call is issued after an a...
Short Restricted Strategy Call (SL Call)
A Short Restricted Strategy call (SL) generates when a cash or IRA account ends up with a short stock position. A short restriction typically appears when a...
Free Ride Violations
A Free Ride Violation (FRV) occurs when a cash account uses funds from an ACH deposit to place a round-trip trade, and the ACH is subsequently returned. Whe...