SEC scraps 25-year-old day-trading rule

The Securities and Exchange Commission has eliminated an older rule and updated guidelines around day trading. The new rule is more flexible, replacing hard caps on trading and account size. Interactive Brokers and Robinhood users may benefit from the change, which aims to protect investors from themselves and financial institutions from overly aggressive investors. The $25,000 account size threshold has not been updated since the dot-com bubble burst.