If you are handling securities such as shares, bonds or stocks in North America, you will likely need a Medallion Signature Guarantee (MSG) for any sales or transfers.
We have noticed it is tough for Non-US residents to obtain these stamps as US-based companies are unwilling to provide them at times due to risks associated with the liability.
Share Data’s experienced team can provide Medallion Signature Guarantees without acting under a Power of Attorney, as it has been a member of the STAMP programme since 2014.
A Medallion Signature Guarantee (MSG) is a barcode authenticated stamp that verifies the value of stocks, bonds and assets.
The MSG stamp protects shareholders by limiting liability in the case of fraudulent transactions.
When handling assets in North America, the sale and transfer of securities must follow certain procedures as they are regulated by the SEC.
Members of Securities Transfer Agents Medallion Program (STAMP) or Stock Exchange member companies in Canada and the US are authorised to issue an MSG stamp.
Whether it be securities or stocks and shares, the sale or transfer of any North American assets will require a Medallion Signature Guarantee Stamp.
I have been extremely impressed with the service received and won't hesitate to both use and recommend share data's services in the future. Jennifer B, David Auld & Co Solicitors16th August 2019My firm have used share data for their medallion guarantee services for foreign shareholders since the beginning of 2018 – each occasion has been efficient and successful which leads to happy clients. I would strongly recommend their services, with a special mention for teresa – who is friendly, helpful and gets the job done. Asset Manager23rd August 2018Share Data's service is brilliant. Currently, sorting another one for you! Deanne Taylor, Smalleys Solicitors Ltd8th November 2019Thank you for processing our Medallion Guarantee and for all of your assistance leading up to it. Share Data have a great service. Walker Crips Investment Management6th August 2020 I wish everyone was as quick and easy to deal with as you have been. It is truly a pleasure and a great contrast to most other financial service companies in Canada and New Zealand that I have dealt with in the past. Private Individual26th November 2019Share Data recently sold (Canadian) shares on my behalf and I really want to say the service from the team was absolutely excellent!! Everything was done within the timescale and very professionally. My shares were Share Certificates which were arranged to have de-materialised. I am delighted with the service you and your staff provided, it was just such a smooth process with no stress at all to me!! I would highly recommend Share Data Ltd and have nothing but praise for your staff. Private Individual1st October 2021"I contacted Share Data to provide me with a Medallion Stamp Guarantee. Having no previous knowledge or experience regarding obtaining a Medallion Stamp Guarantee, I found Pauline at Share Data to be friendly and professional, she made the whole process easy and painless. Great service! Christine and Sunder Singh9th March 2022"Getting a MG stamp is not a very common process in the UK for a ‘lay’ person so it would be good for others in a similar position to myself to know there is a reputable & efficient company that can provide this service" Christine and Sunder Singh11th April 2022