That choice of language seems very poor IMO, because the regulation clearly specifies the $2k number for margin trading of any size. Take a look for yourself:

That choice of language seems very poor IMO, because the regulation clearly specifies the $2k number for margin trading of any size. Take a look for yourself: "(4) equity of at least $2,000 except that cash need not be deposited in excess of the cost of any security purchased (this equity and cost of purchase provision shall not apply to "when distributed" securities in a cash account). The minimum equity requirement for a "pattern day trader" is $25,000 pursuant to paragraph (f)(8)(B)(iv)a. of this Rule. Withdrawals of cash or securities may be made from any account which has a debit balance, "short" position or commitments, provided it is in compliance with Regulation T and Rules 400 through 406 of SEC Customer Margin Requirements for Security Futures and Rules 41.42 through 41.49 under the CEA, and after such withdrawal the equity in the account is at least the greater of $2,000 ($25,000 in the case of a "pattern day trader") or an amount sufficient to meet the maintenance margin requirements of this Rule." https://www.finra.org/rules-guidance/rulebooks/finra-rules/4210 https://www.finra.org/rules-guidance/rulebooks/finra-rules/4...