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WHAT IS A MEDALLION STAMP?
MEDALLION STAMP is a barcoded stamp which has an invisible security compound in the ink that can be read by special “Stamp 2000 Plus” scanners used by transfer agents and investment houses providing certification that the signature being guaranteed is genuine: this is a statutory requirement when transferring or administering shareholdings and other investments within and outside North America. The medallion acts to limit the liability and loss by safeguarding against forged signatures which began after the 9/11 disaster to prevent cross border fraud.
N.B. A Notary Public is unable to provide this service as it can only be offered by one of three recognised medallion signature guarantee programs:
(Securities Transfer Agents Medallion Program)
(Stock Exchanges Medallion Program)
(New York Stock Exchange Medallion Signature Program)
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