No Endorsement of Day Trading Strategy. The Firm does not recommend, endorse, or promote a “day trading” strategy, which may involve significant financial risk to the Client. You acknowledge the Firm’s Day Trading Disclosure Statement as part of this Agreement.
No Endorsement of Day Trading Strategy. I understand that Company does not recommend, endorse, or promote a "day trading" strategy, which may involve significant financial risks to me. Company regularly reviews all trading activity to identify Pattern Day Traders (an investor who executes four or more “day trades”, i.e., buying and selling the same security in the same session, within five (5) Business Days, provided that the number of day trades represents more than six (6%) percent of the Customer’s total Margin Account trading activity for such five (5) Business Day period). If My trading activity indicates that I may be a Pattern Day Trader, Company reserves the right, in its sole discretion, to apply enhanced maintenance requirements to My Account. These will include, without limitation, a minimum Account balance of $25,000 in cash and eligible securities before any day trades can be made using margin funds, if and when allowed by Company, and a tighter formula to calculate available margin credit. If My Account balance falls below the $25,000 minimum requirement, I will not be permitted to day trade until My Account is restored to the $25,000 minimum equity level.
