Three questions with eSignature Group
May 15, 2017 | By Candice de Monts-Petit
New medallion signature service created for individual investors seeking to transfer shares
New York-based entrepreneur Seth Farbman created Edgar filing service Vintage Filings and incorporation consultancy VCorp. While working on his recent venture, VStock Transfer, the former securities attorney came up with the idea of an online system delivering medallion signature guarantees for stock transfers.
What can you tell us about eSignature Guarantee and how it can help IROs?
51 FLAVORS: A Survey of “Small Estate Procedures” Across the Country – https://lnkd.in/dDkqbJe
Nobody is going to accuse 10-month-old eSignatureGuarantee of being a glamorous start-up. But its core service ─ providing a medallion guarantee for the transfer of securities ─ is so unsexy that it’s, well, sexy. Founder Seth Farbman, a successful serial entrepreneur, has spent most of his career wading in the mind-numbing technical minutiae around stock transfer and corporate compliance services. Bringing that expertise to bear on his company’s online platform looks to have significant upside because banks, which once offered medallion-stamp services gratis, have stopped providing the services mostly because of liability reasons. “If you’ve tried to transfer securities over the last few years, you know how time consuming, draining and almost impossible the signature medallion process has become,” says Farbman. “We invested heavily in technology to reduce this friction and have succeeded beyond our expectations.”