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Last Post: 4/19/2017 11:10:10 PM - Followers: 0 - Board type: Free - Posts Today: 0

Hey guys, so I am sure there is a thread for this, but I don't think it would apply to my specific situation. So, one of my best friends approached me as he knows that I am involved in trading stocks. He simply wants to put a little bit of his extra money into a penny stock that he believes in. I know the most popular response is going to be "don't invest for your friends," but in this case he simply wants to throw $100 on a penny stock and if it runs, then great, if it does not, then so be it. He is fully aware that his $100 can be cut in half in the blink of an eye. So, the question here is essentially, am I able to just invest the $100 for him and manage the shares for him, or does he need to create his own account even though he is only interested in the one stock? I am sure if it was a larger amount, then I would not be able to do it, but I was wondering if it is legal for me to just handle it because it is a small amount? Thank you guys for any and all feedback.
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