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.

 

[Kane]

I know a lot of people who have multiple brokerage accounts. They do this in order to increate a chance of getting allotted more IPO shares during the IPO launch.

 

[Ononivami1]

I know a lot of people who have multiple brokerage accounts. They do this in order to increate a chance of getting allotted more IPO shares during the IPO launch.

Additionally, thy knew that it's an advantage to gain more benefit from the broker . Its also a way to increase their chances of making more money from the shares as well.

 

[Kane]

Additionally, thy knew that it's an advantage to gain more benefit from the broker . Its also a way to increase their chances of making more money from the shares as well.

Well, you do not make more money by making more accounts with the broker, the only advantage you will have is you can apply for IPO shares through multiple accounts.