HOW TO GET A MEDALLION SIGNATURE GUARANTEE FOR SMALLCAP STOCK TRANSFERS [GUEST POST]

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With all the technological advances that have made our lives easier, there are still those occasional moments when we find ourselves thinking, “There has to be a better way to do this!!”  Today’s rapidly evolving technology has already led to the disruption of a number of industries in a most positive way which invites the newly minted concept of “Regtech”.  The formula for a great “Regtech” development is when there is a significant problem with a unique and accepted technology based solution. That is precisely the case when it comes to getting a medallion signature guarantee for the transfer of securities.

 

The Problem

How would you feel if someone told you that you could not access what was rightfully yours?  For example, if you bought common stock in a Pre-IPO or in a PIPE and now you want to transfer it to another buyer or gift it to your child, to do so you would be required to obtain a green medallion signature guarantee on the stock transfer form. The medallion signature guarantee verifies that the person transferring the stocks is, in fact, who they say they are and that they have the right to transfer the asset. Traditionally one would just walk into a bank, show a Driver’s License and receive the lime green stamp with unique security ink. Fast forward to today . . .  many banks have stopped offering medallion guarantees.  Other banks limit the value limit of their medallion stamp to only $100k. Without the medallion you can’t process your intended transaction! Now what?

 

The Solution

Instead of spending hours finding and driving to a location that can provide the guarantee, you can complete the whole process from your home or office within minutes. eSignatureGuarantee takes a difficult and sometimes impossible scenario and makes it painless through the embrace of ID technology.

eSignature Guarantee Group, LLC, is a member of the Securities Transfer Association (STA), Shareholder Services Association (SSA) and the Securities Transfer Agent Medallion Program (STAMP).

eSignature Guarantee’s advanced identification verification technology is currently available for domestic individuals and corporate entities and was designed to accommodate physical certificates, book entry holdings, 401(k) rollovers, annuities and other forms of securities holdings. In under two minutes, the portal:

– Integrates knowledge-based identification verification questions using dual factor authentication technology

– Runs the data provided through multiple watch lists and Office of Foreign Assets Control (OFAC) checklists

– Allows eSignature to access over 10,000 resources and more than 33 billion records that represent 400 million domestic individuals

Once authenticated, users are then given the option to either utilize an electronic signature via a partnership with Hellosign or the user can FedEx the stock power that requires a signature guarantee  on which a physical medallion stamp will be provided.

 

What’s Next?

While eSignatureGuarantee.com has helped shareholders from across the United States who own shares in well-known issuers such as Apple, IBM, Snapchat, Verizon, and Starbucks, other shareholders have also utilized the online portal to obtain a medallion in connection with shares they hold of small and micro-cap issuers as well.  eSignature is now in the final stage of development to roll out its medallion solution to foreign shareholders as well with a particular focus, to start, on shareholder who reside in Canada, Israel and China.

 


About Seth Farbman

Seth Farbman has built a career in servicing private and public companies. Mr. Farbman was the Co-Founder and President of Vintage Filings which he sold to PR Newswire in 2007. In this role, Mr. Farbman serviced over 3,000 publicly traded companies to provide SEC EDGAR and financial print services related to IPOs, Proxy Statements, Annual Reports, Shareholder Meetings and all aspects of compliance filings. Mr. Farbman was a founding partner and a Co-Chairman of Vcorp Services which he sold in October 2016 to Wolters Kluwer. Mr. Farbman currently serves as the Chairman and President of Vstock Transfer, with a focus on pre IPO, Nasdaq and NYSE MKT listed issuers. Mr. Farbman is also the Chairman of Vcheck Global (vcheckglobal.com), a background and due diligence services company and eSignatureGuarantee.com, an online resource for medallion signature guarantees. Prior to starting Vintage Filings, Mr. Farbman served as a securities attorney at a New York Law Firm with a concentration on securities regulation.

 


 

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This Is How Technology Takes The Pain Out Of ID Verification

Written by:

Ilya Pozin

Founder & Head of Growth @ Pluto TV

 

With all the technological advances that have made our lives easier, there are still those occasional moments when we find ourselves thinking, “There has to be a better way to do this.” If you’ve tried to transfer stock shares recently, then you know this is exactly that type of situation.

Let me walk you through the traditional process to transfer stocks. Continue reading “This Is How Technology Takes The Pain Out Of ID Verification”

eSignatureGuarantee.com to co-sponsor After Party of the 5th Annual Joseph Gunnar & Co. OktoberINVESTfest Conference on September 28th

 

oktNew York – eSignatureGuarantee.com, a unique online digital ID verification platform to enable shareholders to obtain a medallion signature guarantee for the transfer of securities, announced that it will be attending the OktoberINVESTfest Conference hosted by Joseph Gunnar & Co. held at the New York Academy of Sciences in New York City on September 28, 2016 and will be co-sponsoring the after party at the Downtown W hotel.
The eSignatureGuarantee.com medallion platform was created to service shareholders, issuers and investment bankers who may otherwise struggle to find a medallion signature guarantee for the transfer of securities. The OktoberINVESTfest audience is comprised of a unique blend of impressive executive management, public company presentations, 1×1 investor meetings and multiple networking opportunities.
The presentations at OktoberINVESTfest will be held at The New York Academy of Sciences at 250 Greenwich Street in New York City. If you are interested in attending the conference please follow the link: http://www.oktoberinvestfest.com.
Continue reading “eSignatureGuarantee.com to co-sponsor After Party of the 5th Annual Joseph Gunnar & Co. OktoberINVESTfest Conference on September 28th”

eSignature Group, LLC announces membership in Securities Transfer Association, Inc.

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eSignature Group, LLC, is pleased to announce that it has joined the Securities Transfer Association, Inc.

September 20, 2016, New York –
eSignature Group, LLC which operates eSignatureGuarantee.com, a unique online digital platform to enable shareholders to obtain a signature guarantee for the transfer of securities, has joined the Securities Transfer Association, Inc. (“STA”)

Founded in 1911, the STA is the professional association of transfer agents. The STA membership includes more than 135 registered transfer agents in the United States and Canada, maintaining records of more than 100 million registered shareholders on behalf of more than 15,000 corporate issuers. The STA represents its members in dialogue with regulators, while providing information and education for members on new or changing regulations that will impact their business, and establishing guidelines allowing effective exchanges of data between transfer agents and other industry participants.

Continue reading “eSignature Group, LLC announces membership in Securities Transfer Association, Inc.”

eSignatureGuarantee.com to Co-Sponsor upcoming National Investment Banking Association Conference in Southern California

 

balboa-bay-2016eSignatureGuarantee.com, is pleased to announce that it will be co-sponsoring the National Investment Banking Association’s Southern California Conference on October 26-27, 2016.

eSignatureGuarantee.com, a unique, patent pending, online digital ID verification platform to enable shareholders to obtain a medallion signature guarantee for the transfer of securities, announced that it will be co-sponsoring the NIBA conference in Southern California at the Balboa Bay Resort in Newport Beach, California. Continue reading “eSignatureGuarantee.com to Co-Sponsor upcoming National Investment Banking Association Conference in Southern California”

Les Miserable, a Medallion and Knowing Who You Are

 

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Les Miserable, a Medallion and Knowing Who You Are

One of Broadways greatest shows closed this week. The original version of Les Miserables opened in New York on March 12, 1987 and went on to run for 6,680 performances, making it the fifth-longest running production in Broadway history. A 2006 revival ran for an additional 463 performances. It’s the world’s longest running musical, now seen by over 60M people. The show tells the gripping story of Jean Valjean’s life and how he struggles with his identity, past and present, as he sings the incredible song of “Who am I, 24601”. Continue reading “Les Miserable, a Medallion and Knowing Who You Are”