Hey folks, I was told by a a guy who runs a prop firm I'm thinking about joining that trading odd lots almost exclusively is illegal with the SEC. I trade odd lots nearly every day on nasdaq/nyse stocks and never heard of such activity being illegal. By odd lots I mean less than 100 shares, simply because going 100 shares in some of these stocks is too volatile for me. I think i'm also classified as a PDT because I got 25,000 usd in my IB account. Does anyone know if this is true or is he referring to some old rule not in effect anymore? He also mentioned that trading the same stocks in more than 1 account is illegal as well. In this case I would go long a swing trade in 1 account and perhaps go long the same stock at the same price for a quick day trade in another day trading account. Is that also illegal? Thanks for any info.