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Keywords:brokerage froze account pattern trading account another brokerage
Last Date:2012-02-03

Question: My brokerage froze my account for pattern day trading. I have an account with another brokerage...?

Can I use the 2nd one during this time period?


Answer:

Yes, but there is a reason you aren't allow to do this. You don't have enough money for this highly risky strategy. (If you had the minimum 25K they wouldn't have closed the account.)

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