Series 7 Exam Question 287: Answer and Explanation

Question: 287

What is the minimum maintenance for pattern day trading accounts?

• A. 15% of LMV
• B. 25% of LMV
• C. 30% of LMV
• D. 50% of LMV

Correct Answer: B

Explanation:

B. The minimum maintenance for pattern day trading accounts is 25% of the LMV (Long Market Value).