Understanding and Using the Medallion Signature Guarantee Accurately

Monday, April 29, 2024
2:30 pm – 3:30 pm Eastern

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.

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 Will 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.

Instructor

Dawn Kincaid

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.

Attendance verification for CE credits provided upon request.

Webinar Sponsored by OnCourse Learning (Total Training Solutions)

If you are having issues with registering online, please contact CBAO's Education, Training & Special Event Coordinator, Malia Widder, (614) 610-1877.