According to Investopedia , institutions must belong to a verified signature guarantee program. Not every bank or financial institution does, so make sure to seek out institutions that do offer this service. The U. Securities and Exchange Commission SEC says there are a variety of financial institutions that offer signature guarantees, including:. The SEC recommends that you select a financial institution where you have an account because signature guarantee providers usually restrict this service to existing customers.
They can charge a fee but often do not — signature guarantees are part of many institutions' normal customer services. You must provide documentation to get a signature guarantee. If stock certificates or other securities are registered in your name with the transfer agent, you might need only show identification and complete a transfer of ownership form.
Why do you need to know the value of the transaction for the Medallion Signature Guarantee? Why do you ask for additional documents when all I need is my signature guaranteed? In addition to guaranteeing your signature, we are also validating: You are the appropriate person to endorse the document.
Therefore, we need documentation showing the owner s of the security. If you are acting on behalf of someone, we must have documentation showing your legal authority. I own the security jointly with someone who lives in another state.
How can we guarantee both signatures? Let us help you save money on your next loan. Vehicle Calculators. Savings Calculators. Loan Calculators. Mortgage Calculators. Retirement Calculators. Online calculators to help you make informed and educated decisions.
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Additional Services. Once the institution has completed the registration requirements and has been accepted by Kemark they will be provided with a STAMP Medallion stamp. The Uniform Commercial Code provides that a person guaranteeing a signature warrants that at the time of signing:. Guarantors must understand the importance of providing proper medallion signature guarantees. Here is a list of several safeguards that can protect the guarantor:.
Over 6, banks, credit unions, brokerage firms and financial institutions belong to the medallion signature guarantee program. Financial institutions are recognized by the Securities Transfer Association by becoming a member of one of the three recognized medallion signature guarantee programs:.
Transfer agents and others who rely upon signature guarantees from a member of one of the 3 above-mentioned programs are protected against loss from wrongful endorsements if the Guarantor is unwilling or unable to meet its financial obligation under its Program Indemnity Agreement.
For this reason, only originals can be accepted. Medallion signature guarantees must validate the genuineness of the person signing the document as well as the authority and capacity of the person signing the document. Transfer agents can refuse to accept a signature guarantee if it is not enrolled in the Medallion program or it is not recognized by the transfer agent.
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