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I live outside of the United States. Am I required to obtain a Medallion guarantee on the stock power form?

April 26, 2017guarantee live medallion obtain outside power stock united states

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I live outside of the United States. Am I required to obtain a Medallion guarantee on the stock power form?

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Yes. A medallion guarantee must be provided by an eligible guarantor institution (Commercial Bank, Trust Company, Securities Broker/Dealer, Credit Union or Savings Association) participating in a Medallion program approved by the Securities Transfer Association Inc. and must cover the value of the transaction. A Signature Guarantee must be provided by a bank or financial institution with a United States bank correspondent relationship.

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If you are able to obtain a Medallion guarantee, it must be provided by an eligible guarantor institution (Commercial Bank, Trust Company, Securities Broker/Dealer, Credit Union or Savings Association) participating in a Medallion program approved by the Securities Transfer Association Inc. and must cover the value of the transaction. If you are unable to obtain a Medallion guarantee, a Signature Guarantee must be provided by a bank or financial institution having a United States bank correspondent relationship. If you are signing on behalf of the registered owner, additional documentation may be required. Please contact us with questions.