Did SEC approve ending Pattern Day Trader rule?

Analysis Reasoning

The SEC has not approved ending the Pattern Day Trader rule or eliminating the $25,000 minimum; FINRA filed a proposed rule change on December 29, 2025, to replace it with intraday margin standards, but it awaits SEC review and publication for comment as of early 2026.[1][2][4][5]

Cited Sources

• 01
  Trading Academy

  https://www.tradingacademy.com/culture/article/the-real-story-on-the-pattern-day-trading-rule-whats-changing-whats-the-timeline-what-it-means-for-you

• 02
  NerdWallet

  https://www.nerdwallet.com/investing/news/pattern-day-trading-rule-change

• 03
  FINRA.org

  https://www.finra.org/media-center/blog/a-progress-update-on-rule-modernization

• 04
  FINRA Compliance Tools

  https://www.finra.org/compliance-tools/weekly-archive/01072026