The US SEC has relaxed trading restrictions for retail investors, Robinhood and Webull both surge over 10%.

Glonghui, April 16th｜The U.S. Securities and Exchange Commission (SEC) approved a proposal from the Financial Industry Regulatory Authority (FINRA) on Tuesday evening to abolish the current rule that restricts accounts with net assets below $25,000 to only three day trades within five business days. This move will significantly lower the market entry barrier for small investors, allowing unlimited intraday trading under the new margin rule framework. Boosted by this news, U.S. retail trading platforms Robinhood and Webull closed up 10.41% and 11.17% respectively yesterday. Webull Group President and U.S. CEO Anthony Denier stated that the change in intraday margin rules represents a major evolution in the way active traders participate in the market.