Sharing User IDs

We have learned that User IDs can be shared and logged in at multiple locations at the same time. Does anyone know how (if it’s possible) to restrict Logins?

Goal: If a user ID logs in at one location and the same ID attempts at another -it is denied notifying User of alternate log in location. Even providing the option to log out the other location…. kind of like what AOL IM used to do back in the day….

Thanks in advance!