What is a Medallion Signature Guarantee and where do I get one?
Driehaus Mutual Funds requires a medallion signiture guarantee on certain transactions and requests in order to receive assurance from the guaranteeing entity (bank, broker, etc.) that the signature(s) are genuine. This protects shareholders from unauthorized account activity. You can obtain a medallion signature guarantee at any domestic bank, trust company, savings association, or any broker, dealer, or clearing agency that participates in a medallion program recognized by the Securities Transfer Association.
A Medallion Signature Guarantee from a financial institution is required in order to effect a transfer of directly registered stock, such as SAIC, Inc.’s common stock. A Medallion Signature Guarantee verifies the identity of the person or entity initiating the transfer. Medallion Signature Guarantees are issued by banks, brokerage firms and other financial institutions. There is typically no cost associated with a Medallion Signature Guarantee if you are a customer of the financial institution providing the guarantee. Generally speaking, credit unions and foreign banks do not issue Medallion Signature Guarantees. However, if you are using the SAIC Common Stock Transfer to Broker Form you must have your form Medallion Signature guaranteed only by the broker you are transferring your shares to.