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Feb 26, 2021
8:52
:56
pm
Heath Squashwell
All-American
Pattern day trading requirements also bother me
I don’t need them to police my actions. I made some big gains recently during day trading and then they essentially ban me from making additional trades. I’ll do what i want!!
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Heath Squashwell
Previous username
Barrio Coug
Bio page
Heath Squashwell
Joined
Dec 31, 2015
Last login
May 2, 2024
Total posts
11,585 (58 FO)
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Messages
Author
Time
You know what really bugs me: Accredited Investor requirements.
CougaRR4L
2/26/21 8:48pm
Pattern day trading requirements also bother me
Heath Squashwell
2/26/21 8:52pm
I just had to study the accredited investor rules for trusts-ridiculous
El Paso Coug
2/26/21 8:58pm
Yeah dumb rule but don't blame capitalism for it. As you said
Ash
2/26/21 9:20pm
So give me another route to qualify for participation. It should be be
CougaRR4L
2/26/21 9:29pm
Keeping dumb people from losing their money would be a half-believable reason
GeraldGarner
2/27/21 5:28am
Most PE stuff I have done has pretty high minimum investment thresholds. But if you can meet those and can afford to...
Trent
2/26/21 9:23pm
If you find an investment you like, just do it.
Pasadena
2/26/21 9:33pm
Really? I just say I qualify? Those I know who have had to
CougaRR4L
2/26/21 9:41pm
Not in my experience. In my experience you just fill out the form. But you’d have to check one of the boxes representing
Trent
2/26/21 10:00pm
This is really intriguing news. Thank you.
CougaRR4L
2/26/21 10:17pm
A company can implement whatever checks it wants to verify accredited investor
Pasadena
2/27/21 12:24am
A bit of history
byujdmba
2/26/21 11:22pm
One more bit of history: the SEC has looked at changing this
byujdmba
2/27/21 8:06am
Interesting history. Thanks for the insight, very helpful.
CougaRR4L
2/27/21 10:54am
The purpose is reduce liability of those getting you to invest, it’s just a box
4mack
2/26/21 10:08pm
It’s the government’s fault, that’s a problem with statism not capitalism.
molodyets
2/26/21 11:09pm
Agree 100%. Miscommunication not intended here.
CougaRR4L
2/26/21 11:28pm
Got it. I see how it could be read that way. I’m annoyed by it too good to know it’s apparently just a formality
molodyets
2/27/21 12:00am
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