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Understanding and Using the Medallion Signature Guarantee Accurately

A medallion signature guarantee is a convenient stamp used when you transfer securities. But, this one little stamp represents important warranties made by your bank, and if not used properly can lead to significant losses.

Upcoming
Monday, April 29th, 2024
1:30 pm - 2:30 pm
Presented by Dawn Kincaid
$299.00 or 1 Token

Includes: Live Access, 30 Days OnDemand Playback, Presenter Materials and Handouts

  • Customer Service
  • General Compliance
  • Transaction Compliance
  • Trusts
  • Branch Manager
  • Senior Management
  • Trust Officer

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Through the medallion signature guarantee your financial institution warrants that a signature authorizing the transfer of a security is authentic. This helps to protect shareholders by reducing the risks of forged signatures. If ANY of these warranties are breached, your institution becomes liable for the ENTIRE value of the security transferred.

In this session, we will review the medallion signature guarantee program and its requirements, including how you and your institution can participate. We will discuss how and when the medallion signature guarantee is to be used and how it is different from using a "standard" signature guarantee or notarizing a signature. Sample procedures for utilizing the stamp and documenting its use will be provided. Join us for this informational session!

What You'll Learn

  • Explain the basic laws governing the Medallion signature guarantee programs
  • Determine when to utilize the Medallion signature guarantee stamp
  • Recognize potential conflicts of interest
  • Understand the warranties represented by the stamp and the potential liability your institution faces if these are breached
  • Identify best practices to mitigate risk to you and your institution
  • Distinguish between signature guarantees, medallion signature guarantees and notaries

Who Should Attend

This informative session is designed for corporate secretaries, branch managers, administrators and anyone who utilizes the Medallion Signature Guarantee in your institution.

Dawn Kincaid

Instructor Bio

Dawn Kincaid began her banking career while attending The Ohio State University. She has 19 years of experience in client service, operations, information technology, administrative and board relations, marketing, and compliance. Most recently Dawn served as the Senior Vice President of Operations for a central-Ohio-based community bank, where she created and refined policies and procedures, conducted self-audits and risk assessments, and organized the implementation of new products and services. Dawn has served in the roles of Compliance, BSA/AML, CRA, Privacy, and Security Officer. She has led training initiatives, prepared due diligence information, completed a variety of regulatory applications, coordinated internal and external audits, and exams, and presented for numerous state associations.

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