WHO CAN EXECUTE A MEDALLION SIGNATURE GUARANTEE?
When selling or transferring securities, the signatures of investors on stock certificates must be “guaranteed” by a financial institution participating in a medallion program approved by the U.S. Securities and Exchange Commission (SEC). An eligible guarantor institution (bank, stock broker, savings and loan association or credit uniion) must have a membership in an approved signature guarantee medallion under SEC Rule 17ad-15. Entities with membership in an approved signature guarantee medallion program must arrange a surety bond and apply for, and receive, acceptance as a program guarantor. The guarantor institution must then obtain the necessary equipment required to perform the medallion signature guarantee function. 4. ARE CONSULAR/NOTARIZING OFFICERS AUTHORIZED TO PERFORM MEDALLION SIGNATURE GUARANTEES? U.S. Consular/Notarizing officers are not/not authorized to provide signature guarantee/medallion guarantee service. Only a financial institution participating in an SEC medallio
