What happens if you break the pattern day trader rule?

Your account will be flagged if you break the rule for day traders. Depending on the type of account you have and who with, you may be treated more favorably the first time around.

You might be subject to a margin call, then given five business days to satisfy it. Trading is usually halted at this time; however, it is not generally prohibited.

If you don't satisfy the margin call after five business days, you'll be placed on a 90-day cash restricted account status or until the concerns have been resolved.