What is a Medallion Signature Guarantee and how do I obtain one?

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What is a Medallion Signature Guarantee and how do I obtain one?

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A Medallion Signature Guarantee is a statement (stamp and signature) given by a financial institution such as a commercial bank, credit union, brokerage firm, etc., that is a member of the Securities Transfer Association Medallion Program (STAMP), New York Stock Exchange Program or Stock Exchange Medallion Program (SEMP, MSP). The Medallion Program is not a notarization. To obtain a Medallion Signature Guarantee, please visit a financial institution that participates in the Medallion Program.

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A Medallion Signature Guarantee is a statement (stamp and signature) given by a financial institution such as a commercial bank, credit union, brokerage firm, etc., that is a member of the Securities Transfer Association Medallion Program (STAMP), New York Stock Exchange Program or Stock Exchange Medallion Program (SEMP, MSP). The Medallion Program is not a notarization. To obtain a Medallion Signature Guarantee please visit a financial institution that participates in the Medallion Program.

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Many financial institutions, including banks, credit unions and brokerage firms, are members of the Medallion Signature Guarantee Program(s). Through a Medallion Stamp, the guarantor attests that the endorser or person(s) signing the certificate(s) or transfer instructions is the registered owner(s) or the appropriate representative of the owner(s) with the legal authority to execute the document(s). The Medallion Stamp Guarantee is necessary for First Shareholder Services to change the registered ownership of the shares. If you are executing as representative of the shareholder, you will be required to provide certain legal documents to prove your authority to do so.