BREAKING: The Financial Industry Regulatory Authority is looking to rework the “pattern day trading” rule that limits investors with less than $25,000 in their margin account from borrowing to trade four or more times in a five-day period. In a proposal being prepared for Finra’s board to eventually vote on, retail investors would need to have only $2,000 in their accounts for such trades.

The existing rule, adopted in 2001, was put in place to protect investors from massive losses and borrowing more than they can cover in holdings or cash. Read more: