Is Intraday Margin Deficit (IMD) determined across all of my accounts?

Under the FINRA rule change, which removes day trading margin requirements and replaces them with intraday margin standards, an Intraday Margin Deficit (IMD) is applicable to Reg T margin accounts and assessed on an account basis. However, the determination of whether a client is making a practice of failing to satisfy an IMD "as promptly as possible" is made across all associated Reg T margin accounts of the client.

Please Note

  • This means that the client is potentially subject to restrictions starting with the fourth instance.

Additional Information

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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)?
Are there de minimis Intraday Margin Deficit (IMD) amounts?
Are all of my accounts subject to the 90-day restriction if I hold multiple Reg T Margin accounts and fail to meet Intraday Margin Deficits requirements?
Is my account still subject to the IMD requirements if the deficit was caused by fraudulent activity?