have two broker accounts and have 6 trade days a week

S

stasbz

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• Aug 30, 2011

• #1

Hello!
I need not more than 5 intraday trades a week. I have account and 3 day trades. What If i have two brokerage account and can make 6 day trades a week.
are there any problems with law?
i understand that that accounts will be separate.

 

piggybridges

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• Aug 30, 2011

• #2

Im not aware of any laws stopping one from doing this. Should be fine.

 

Lightning McQueen

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• Aug 30, 2011

• #3

stasbz, are you trying to skirt around Pattern day trading rules here in some way :whistling

 

S

stasbz

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• Aug 31, 2011

• #4

Lightning McQueen said:

stasbz, are you trying to skirt around Pattern day trading rules here in some way :whistling

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i need just 5 day trades a week! i dont understand why Gov. have not done 5 day trades rules.
I mean day trading are usually more than 5 trades a day.