Wall Street scrapped a 25-year-old rule. Does it make Robinhood stock a buy right now?

Eliminating this rule could boost trading volumes at Robinhood.
Investopedia

Day Trading: The Basics and How to Get Started

Samantha (Sam) Silberstein, CFP®, CSLP®, EA, is an experienced financial consultant. She has a demonstrated history of working in both institutional and retail environments, from broker-dealers to ...
AOL

A dot-com crash-era rule protecting small investors from day trading just died — here's the history lesson Wall Street wants you to forget

An early 2000s rule intended to protect small investors from the risks of day trading is no longer. The Pattern Day Trader (PDT) rule was established in 2001 by the Financial Industry Regulatory ...
Seeking Alpha

Which brokerages are scrapping pattern day trading rules today?

For the past 25 years, day traders of stocks and options in the U.S. needed to have $25,000 sitting in their accounts. If they didn't, they could only execute three day trades over a five-day period, ...
Forbes

SEC Reverses Day Trading Rule In Boon For Retail Brokers

The SEC is replacing the 25 year-old Pattern Day Trader rule with a new system focused on real-time risk. The change could encourage small investors to take more risk. This voice experience is ...
Wall Street Journal

End of ‘Pattern Day Trader’ Rule Could Turbocharge Retail Stock Trading

A Securities and Exchange Commission move to axe a decades-old rule aimed at damping risky trades could encourage small investors to get even more active in the U.S. stock market. Retail brokerages ...