Step 1 Confirm your identity. You should ask the Medallion Signature Guarantee provider to explain exactly what documentation will be required and how to obtain this if you do not already have it. We use plain and simple English to give you an overview of the most common areas of law. To do so, we combine state-of-the-art technology with an advanced intelligence identification verification system, so you can prove who … A medallion signature guarantee is a binding warranty, issued by an agent of the authorized guarantor institution, that: (a) the signature was genuine; (b) the signer was an appropriate person to endorse, and (c) the signer had legal capacity to sign. Federated Securities Corp., Distributor Start a free trial now to save yourself time and money! A medallion signature guarantee is not equivalent to an American Notarial Acknowledgment. A signature guarantee stamp protects against unauthorized transactions of shareholder investment securities. Some financial institutions outside the United States offer a medallion signature guarantee to existing customers if the financial institution has a correspondence relationship with a United States bank. The Guarantor must affix a stamp bearing the actual words "Signature Guaranteed," sign and print their full name and alpha numeric signing number. Signature & Authority to Sign Guarantee stamp This guarantee is accepted by transfer agents only from major Canadian Schedule I banks. The most secure digital platform to get legally binding, electronically signed documents in just a few seconds. If the Signature & Authority to Sign Guarantee stamp has been affixed to the Securities To sell or transfer US or Canadian shares, you will usually be required to obtain something called a Medallion Signature Guarantee and this is not always easy for residents outside of the US to obtain. Medallion Signature Guarantees are also sometimes referred to as Medallion Guarantees, Signature Guarantees, Barcoded Medallion Guarantees and Medallion Stamps. To be safe, use certified or registered mail and insure the package. Securities Transfer Agents Medallion Program (STAMP): A collection of over 7,000 financial institutions from the United States and Canada, who clearly are creative with their acronyms. When United States citizens are outside the United States, they are typically unable to obtain a medallion signature guarantee stamp. guarantee program on all transfer of securities, including transfers of securities in the names of brokers or dealers. ---- I guess the above answer must have been provided by a non-Canadian.......... After 2 days of web-searching and … If the investor (or someone acting in the capacity of their executor, trustee or beneficiary) wishes to sell or transfer these shares, a Medallion Signature Guarantee would be required. The Signature & Authority to Sign Guarantee stamp warrants that, at the time of signing: • the signature was genuine; • the signer was an appropriate person to endorse; and • the signer had legal capacity to sign. The specific paperwork that is required will depend on what stocks, shares, or securities there are and who wants to sell or transfer them (ie, whether you are acting in your personal capacity or if you are dealing as an Executor or Trustee etc). Not all medallion signature guarantee stamps are of equal value. , At the time of its establishment, there were three signature guarantee programs, namely the New York Stock Exchange Medallion Signature Program, the Stock Exchanges Medallion Program, and the Securities Transfer Agents Medallion Program, each of which were administered by different entities.. This article is merely a general comment on the relevant topic. A medallion signature guarantee protects shareholders by preventing unauthorized transfers and possible investor losses. Some financial institutions may accept the seal of a United States embassy in its place if given prior notice of the substitution. Learn how and when to remove this template message, Lester Aldridge medallion signature guarantee, 17 CFR Part 240: Acceptance of Signature Guarantees From Eligible Guarantor Institutions, 17 CFR 240.17Ad-15 - Signature guarantees, U.S. Department of State telegram to all U.S. diplomatic and consular posts abroad concerning medallion stamp guarantees, Signature Guarantees: Preventing the Unauthorized Transfer of Securities, https://en.wikipedia.org/w/index.php?title=Medallion_signature_guarantee&oldid=970399299, Articles lacking in-text citations from July 2020, Wikipedia articles incorporating text from the United States Department of State, Creative Commons Attribution-ShareAlike License, This page was last edited on 31 July 2020, at 02:20.