What is a Signature Guarantee and/or Signature Validation Program Stamp and where can I obtain one?
A STAMP 2000 Signature Guarantee makes certain warrantees upon which the transfer agent can rely; the signature is genuine; the signer was an appropriate person to endorse or originate the instruction and had the legal capacity to sign the request. The guarantee financially backs the transaction in the event of fraudulent activity.Signature Validation Program Stamps are used for non-securities transactions. A non-securities transaction is defined as any commercial transaction that does not pertain to a sale, assignment, transfer or redemption of a security. Both types of stamps may be obtained from certain credit unions; domestic banks; trust companies and broker/dealers. For a complete list of types of firms that provide them and for additional details, Click here.
