You finally found a bank willing to provide a Medallion Signature Guarantee. You have the transfer paperwork, identification and account statements, and the person at the branch even knows what a Medallion stamp is. Then someone asks how much the securities are worth. That is not idle curiosity. Every Medallion Signature Guarantee has a financial limit, and a… Read More »
You have the transfer form. You have your identification. You know you need a Medallion Signature Guarantee. Then your bank tells you: “We don’t do those.” Or perhaps the bank does offer them, but not at your branch. Or only for customers who have been there for six months. Or not for securities held somewhere else. Or the… Read More »
You have some stock to transfer. The transfer agent sends you a form. You fill it out. Then you reach a line that says your signature must be accompanied by a Medallion Signature Guarantee. Fine. You know what a notary is. Surely this is the financial-services version of the same thing. It is not. You bring the document… Read More »