Day-Trading Accounts: Approval and Risk Disclosure

What this video covers

• What "promoting" a day-trading strategy actually means under Financial Industry Regulatory Authority (FINRA) rules, including ads, seminars, website content, and direct outreach
• When the day-trading risk disclosure must be furnished to a non-institutional customer, and why "before the account is opened" is the only correct answer
• The four required warnings inside the risk disclosure, including the limited-resources warning and the professional-competition warning
• The Option A appropriateness determination: experience, estimated annual income, estimated net worth, and estimated liquid net worth
• Why net worth for the appropriateness check excludes the family residence, and how the exam baits you with home equity
• The Option B written agreement, when a firm can rely on it, and the 10-business-day window to re-approve under Option A if the customer day trades anyway
• The $50,000 disclosure warning versus the $25,000 pattern-day-trader regulatory minimum, and how to keep the two numbers straight