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Why do I need a signature guarantee to add privileges, place certain redemption requests and/or transfer account ownership?

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Why do I need a signature guarantee to add privileges, place certain redemption requests and/or transfer account ownership?

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Oak Associates Funds require a signature guarantee for certain transactions to protect the security of your account. A signature guarantee may be obtained from a bank or brokerage house. The guarantee means that the signature is legitimate and that the institution granting the stamp will be liable in the event of fraud. A notarization (notary public) alone does not guarantee a signature.

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