Core Viewpoint - The Financial Industry Regulatory Authority (FINRA) has voted to overhaul the Pattern Day Trading (PDT) rule, which previously required a $25,000 minimum account balance for executing multiple same-day trades. The new rule, pending SEC approval, will implement a standard intraday margin framework, potentially leading to a surge in retail trading activity [1][2]. Group 1: Impact on Retail Trading - The proposed rule change could trigger a retail trading boom, particularly benefiting brokerages and popular retail stocks, while also increasing trading volumes in volatile penny stocks [2]. - Companies like Robinhood Markets and Interactive Brokers are expected to see significant advantages from the rule change, as it may attract new users and increase trading volumes across various asset classes [7][11]. Group 2: Company-Specific Insights - **Interactive Brokers**: Known for its low-cost margin trading and fast execution, Interactive Brokers has seen its stock rise 56% year-to-date (YTD) and recently reached an all-time high. Analysts maintain a consensus Moderate Buy rating, supported by strong Q2 earnings [4][5]. - **Robinhood Markets**: This platform has revolutionized trading with its commission-free model and user-friendly app. The stock has surged 266% YTD, also reaching an all-time high. The rule change is expected to further enhance its trading volumes and user base [7][8][9]. - **Charles Schwab**: With a robust customer base of over 37 million accounts, Charles Schwab is well-positioned to benefit from the PDT rule change. The stock has increased 31% YTD and is consolidating near all-time highs, with a potential breakout level at $100 [11][12]. - **Tesla**: As a favorite among retail traders, Tesla's stock is likely to see increased intraday trading activity due to the rule change, especially around earnings announcements or significant news [13][14].