An account may be restricted to liquidation for many reasons. However, the most common reasons are due to an open call or an account flagged for PDT has fallen below the required $25K minimum equity requirement.
Please feel free to reach out to firstname.lastname@example.org if you have any further questions.
For more information about Pattern Day Trading:
- Please visit FINRA to learn more about Pattern Day Trading Protection
- In order to prevent Alpaca Brokerage Account customers from unintentionally being designated as a Pattern Day Trader (PDT), the Alpaca Trading platform checks the PDT rule condition every time an order is submitted from a customer. If the order could potentially result in the account being flagged as a PDT, the order is rejected, and API returns error with HTTP status code 403 (Forbidden).