Medallion Signature Guarantee


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Medallion Signature Guarantee

In securities transactions, a guarantee by members of the Medallion Program that the signature(s) of the seller of a security is in fact the signature of the person(s) authorized to sell that security. The guarantee is backed up by an insurance policy and protects the buyer from any financial loss as the result of securities fraud. It reduces risk to buyers and allows securities transactions to be processed immediately. The guarantor is a bank or other member firm of the Securities Transfer Association.
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5) If there is a desire to change the registration of the certificate, it must be indicated on the Special Issuance Instructions box of the Letter of Transmittal and a Medallion Signature Guarantee Stamp is required for all registered owners and the stamp must be on the certificate and the Letter of Transmittal and the new social security number of EIN.
For the Agreement of Assignment and Transfer, both a medallion signature guarantee and the original document are necessary.
The limited partner's signature is all that is needed; no medallion signature guarantee is necessary on the Consent Form.