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In the United States and Canada, a medallion signature guarantee is a special signature guarantee for the transfer of securities. It is a guarantee by the transferring financial institution that the signature is genuine and the financial institution accepts liability for any forgery. Signature guarantees protect shareholders by preventing unauthorized transfers and possible investor losses.
another type of security that can require a medallion signature guarantee is an annuity my dad had a small annuity at nationwide financial when he passed away i noticed that the annuity claim form required a medallion stamp if the withdrawal request is greater than $ 50000