The Securities Transfer Association has recognized three signature guarantee programs.
- STAMP – Securities Transfer Agents Medallion Program
- SEMP – Stock Exchanges Medallion Program
- MSP – Medallion Signature Program
Medallion guarantee is used to validate a signature or the validity of a document. It is backed by a bond and protects the issuer of the securities and their transfer agent from fraudulently transferred securities. Medallion guarantee may be obtained from most major banks, brokerage firms or credit unions.
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