Robinhood Climbs After FINRA Drops Pattern Day Trader Rule
Robinhood shares jumped 3.2% to $85.47 in mid-day trading as FINRA's removal of the Pattern Day Trader (PDT) rule took effect, eliminating the $25,000 minimum equity requirement and day-trade count thresholds. The regulatory shift, paired with an analyst price-target raise, conference visibility, a new prediction-markets revenue stream, and notable…