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 …
How to Handle Selling UK or International Securities
The sale or transfer of securities process is time-consuming, involving a lot of paperwork with different requirements from share registrars. The process becomes even more complex regarding overseas shares and funds. Each country has contrasting rules, processes and established ways when handling the transfer or sale of securities. Navigating these varying rules slows down the work. Many investors move between …
Medallion Signature Guarantee
Is There A Demand for Medallion Guarantees In the UK? Investing in securities is a complex process, especially since 55.9% of the 2021 global stock market value is in the United States and there are special provisions which apply when foreign investors sell shares in the US market. Investors may need a Medallion Signature Guarantee to transfer the ownership of …
A Guide to Medallion Signature Guarantees
How to transfer the ownership of stocks or shares and investment securities from the U.S. and Canada It is a statutory requirement to obtain a Medallion Signature Guarantee when managing the movement of securities, stocks or shares from the United States of America or Canada. The Medallion Signature Guarantee protects clients accounts by limiting illegal, fraudulent transfers and potential losses …
Selling US Shares
Selling US Shares can be tricky In order to sell any US shares owned by a deceased, the executors of the Will first have to have the shares transferred into their name or the name of the beneficiaries and have received the new share certificate or Direct Registration Statement. It is not like in the UK where you just register …
Selling/transferring US or Canadian shares or funds?
Now this is a problem for which we are increasingly being asked for help: How to overcome problems with selling/transferring US or Canadian stocks and shares. Are you aware that if you: Hold shares in either a US or Canadian company. Have purchased shares from a UK company that has either: De-merged (i.e. Cadbury Schweppes, where holders received Cadbury and …
US Format Dates When Filling a Document
When Filling a Document Take caution with US Format Dates It is most important that all documents for filing in the USA be left undated as in the USA the month-day-year method of dating is used. If the correct dates are not used, documents may be returned for correction and may even need another expensive Medallion Guarantee. We prefer …
Hurricane Sandy
Changes to Medallion Guarantees Procedures Because of Hurricane Sandy flooding Wall Street the basement safes holding share certificates of the various financial institutions and brokerage houses were flooded, the procedures for Medallion Guarantees have now been changed. Medallion providers no longer will accept an original share certificate for the affixing of the Medallion Guarantee. The Medallion Guarantee can be affixed …
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