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Is it illegal to have a lot of people all put money into 1 stock account?

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Is it illegal to have a lot of people all put money into 1 stock account?

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  1. I believe they are called "Shareholders".


  2. No, but it should be set up as an investment club. If the account is in 1 individual's name, the brokerage will not accept checks or wire transfers from 3rd parties.

  3. no

  4. No.

  5. No, just unwise.

  6. It is not illegal as long as you follow the guidelines.

  7. You can all join together in a stock club. Remember the book a couple years ago. The Beardstown Ladies. Get the book or send an email to Steve.Kaasbell@RaymondJames.com and ask him how to setup a stock club.
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