Under the FINRA rule change, which removes day trading margin requirements and replaces them with intraday margin standards, cash can be withdrawn and securities can be transferred out if there is an open Intraday Margin Deficit (IMD) call.
If an account is restricted, there will be no purchase which increases a trade date debit, and no short selling. The only new option transactions will be long calls and long puts.
Please Note
- If the account is restricted due to an unmet IMD call, the account is prevented from creating or increasing a short position or debit balance (other than by closing a short position) for 90 calendar days or until the IMD has been satisfied.