Robinhood, Webull Shares Rises After SEC Approves Plan Removing Day-Trading Restriction
By Nicholas G. Miller
Shares of Robinhood and Webull rose after the Securities and Exchange Commission approved a plan removing a key restriction on day-trading.
Robinhood rose 7.4% in premarket trading, while Webull gained 9.3%.
The plan will eliminate the current minimum equity requirement of $25,000 for traders to make more than four day-trades in a five-day period and replace that restriction with intraday margin requirements.
The Financial Industry Regulatory Authority, which proposed the changes, said the current requirements are largely in place due to the rationale that commission costs would undermine returns when investors over-traded in their accounts. But since customers today have access to zero commission trading, that rationale no longer applies, FINRA said.
FINRA said that with the removal of restrictions, more retail investors may participate in the markets.
Write to Nicholas G. Miller at nicholas.miller@wsj.com.
(END) Dow Jones Newswires
April 15, 2026 09:19 ET (13:19 GMT)
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