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Individual Investors Seeking Medallion Signature Guarantees

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The STA frequently receives inquiries from investors seeking a list of Medallion Program Guarantors located within a certain geographic area. Unfortunately, there is not an existent published list available to the general public. When a Medallion Program Guarantor affixes its Medallion stamp to an instruction to transfer or sell securities, the Guarantor incurs a potential liability for that transaction. For this reason, Medallion Program Guarantors will only provide this service to customers of their institution, rendering such a list ineffectual.

Investors located within the U.S. and Canada are advised to contact their own financial institution (bank, credit union, or broker dealer) to determine if that institution is a participant in a Medallion Signature Guarantee Program.

For investors located outside the U.S. and Canada, a branch of a U.S. or Canadian bank, credit union, or broker dealer with whom the investor banks or has a business relationship might be a source of a Medallion Signature Guarantee.  Alternatively, a local financial institution with whom the investor banks or has a business relationship, and that has a correspondent relationship with a U.S. or Canadian Medallion Program member firm might be a source of a Medallion Signature Guarantee.  In either case, a business relationship is a must.

If the above are not viable options, investors should contact Shareholder Services of the Transfer Agent or Issuer requiring the Medallion Signature Guarantee for assistance.