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Day Trading MCQs

What stipulation does the SEC place on a pattern day trader?

They must make at least ten transactions a week.

They must pay minimum commissions of $10 per transaction.

They must maintain at least $25,000 in a margin account.

They can only trade on the US exchanges.

Answer

Correct Answer: They must maintain at least $25,000 in a margin account.

Explanation:

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