What is the implication of creating multiple account with a broker?

[Potuse]

So many people believe that opening a multiple account is a way to maximize your potential and profit when you are into stock investment and I am not one of those that believed that because I know that opening a multiple account will implowe more risk.

 

[Planbizzle]

Keeping track of several sets of financial holdings and transactions can make managing multiple accounts more difficult and expensive. You may also have to pay multiple account fees.

 

[Kane]

I kn ow a lot of people who create multiple accounts so that they can apply for an IPO. Since IPO is basically divided between applicants, the chances of getting IP is high when you try with multiple accounts