Under the FINRA rule change, which removes day trading margin requirements and replaces them with intraday margin standards, closing trades may contribute to satisfying an Intraday Margin Deficit (IMD) if they result in an increase in the account's excess liquidity. An IMD for a day is satisfied if, from the end of such day to the end of a subsequent day, the customer has made net deposits or otherwise caused an increase in the account’s excess liquidity, sufficient to equal such IMD. Net deposits or increases in excess liquidity may satisfy multiple outstanding IMD for the same margin account.
Are closing trades considered in meeting the Intraday Margin Deficit?
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What trading restrictions are imposed on my account for 90 calendar days after failing to satisfy an Intraday Margin Deficits (IMD)?
What happens if I do not satisfy an Intraday Margin Deficit (IMD)?
Is my account still subject to the IMD requirements if the deficit was caused by fraudulent activity?
If I deposit funds to meet an Intraday Margin Deficit (IMD), how long are my funds required to be in the account?