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A better source for trading news than CNBC is webfn.com. Of course it's only web based and can drain computer resources.

Some brokers have the following for cash accounts that daytrade: Total commitment of 2x starting day cash. Basically treating the 2x as a credit card limit for the day...but with release of the funds. Obviously margin equity lower than $25k that did 4 roundtrips in a 5 day period will be put...

Just a few notes to add. Obviously the 2520 rule does not apply to cash accounts as it is a margin trading rule. However, this new interpretation supplied by the NASD (as documented in Active Trader) is a lame attempt at bridging the two issues and perhaps a supporting stance for the brokers...

Rights offering to purchase ERICY at 0.42 per share. Expired on 8.27.02.