The Medallion Signature Guarantee is required any time a sale or change of ownership of a security occurs, whether through the issuing entity, mutual fund, securities broker or transfer agent. This special guarantee protects against securities being transferred fraudulently. If you hold securities in physical certificate form and want to transfer or sell them, you will need to sign the certificates or securities powers. You’ll probably need to get your signature “guaranteed” before a transfer agent will accept the transaction. This process protects the person who owns the stock or certificate by making it harder for someone to forge your signature. Transfer agents insist on signature guarantees because they limit their liability and losses if a signature turns out to be forged.
NuVision offers the Medallion Signature Guarantee STAMP and is available at all branch locations.