When it comes to day trading, margin accounts are subject to Pattern Day Trader (PDT) Rules, and Cash accounts are subject to Good Faith Violations (GFV). The guidance provided in this FAQ pertains to the reporting of over-the-counter (OTC) transactions in equity securities to a FINRA Facility.Our league has a rule where teams eliminated from the playoffs can't trade with teams that are still in the running. If you execute too many day trades for the same security in your margin account across too many consecutive sessions, you could be branded a pattern day trader. The "issuance date" for CMO trade reporting under Rule 6730 is the same as it is for providing notice of the security set up under Rule 6760, described above. Please fill out this field. Market participants are reminded, that the rules of all CME Group exchanges, as well as the Commodity Exchange Act, section 4c. (a), prohibit wash trades. Check out Trading with Robinhood Legend for information on trading options in Legend. Travis Kimmel: A dollar trade's a great example.