What's an equity maintenance call and how long does it last?

An equity maintenance call is a type of margin call issued to pattern day traders when their account equity falls below a certain threshold, typically $25,000. This call requires the investor to deposit additional funds to bring their account equity back up to the minimum requirement. The duration for which this call is outstanding varies: 1. **Immediate Requirement**: The call is typically due immediately, and the investor must meet the requirement within a short period, often within a few business days. 2. **Temporary Account Restriction**: If the investor fails to meet the equity maintenance call, the account may be restricted from day trading for a period of 90 days. This restriction is designed to prevent further trading until the account is brought back into compliance. 3. **Lifting the Restriction**: After the 90-day period, the account restriction may be lifted, and day trading can resume, provided the outstanding calls have expired or have been met. It's important for pattern day traders to monitor their account equity closely and take necessary actions to avoid equity maintenance calls, as these can lead to temporary trading restrictions and potential losses if not managed properly.