Question:

Am I still subjected to the SEC daytrading regulations?

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If I'm a non-us citizen (trading from a non-us location) and I want to day trade non-us markets, and I've opened a US brokerage account. Would I still be subjected to SEC daytrade regulations of a minumum account balance of $25K and be classified a day trader if I trade 4 or more trades over a 5 day period?

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2 ANSWERS


  1. Yes. FINRA rules apply to U.S. Broker/Dealers.  SEC rules apply to FINRA.


  2. SEC rules apply to broker/dealers, if you trade using a US Broker/dealer you are subject to the SEC rules and regulations.

    All customers using US Broker/dealers would have to follow the rules that dictate policy & procedures to that broker/dealer.

    If you going to play in the US, directly or indirectly, you have to play by the rules

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