CYA
Simplify Tail Risk Strategy ETF
stock NYSE

Hello Traders,
I've found myself in the 390 penalty box today. This, in turn, has led me to do some research in hopes of appealing the decision to Schwab, regardless of how slim the chances.
In this search, I came across these two publications that seem to suggest that starting July 1 2026, the pro penalty for going over the 390 rule in a calendar month is now only one calendar month as opposed to a quarter (90 days).
When discussing this with Schwab, they decline to address if I will be penalized for 30 days instead of the traditional 90, citing essentially \[they deserve the right to be more conservative\] (which sounds like just CYA "we haven't gotten to it yet").
Please have a look at these documents and would you share your opinion if we (all of us as traders) should begin calling for brokers to drop the pro status after 30 days have passed.
[https://cdn.cboe.com/resources/regulation/circulars/regulatory/RC26-012-Amendment-to-Professional-Designation.pdf](https://cdn.cboe.com/resources/regulation/circulars/regulatory/RC26-012-Amendment-to-Professional-Designation.pdf)
[https://www.nasdaqtrader.com/MicroNews.aspx?id=ORA2026-23&utm\_source=reddit](https://www.nasdaqtrader.com/MicroNews.aspx?id=ORA2026-23&utm_source=reddit)

Weeded out the paper hands CYA 👋 stick to index funds