Medallion Signature Guarantee

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Definition of 'Medallion Signature Guarantee'

A medallion signature guarantee (MSG) is a form of verification that is used to authenticate the signatures of certain types of documents. It is typically used for documents that are being submitted to the U.S. Securities and Exchange Commission (SEC) or other government agencies.

The MSG process involves a third-party company, such as a bank or trust company, that verifies the identity of the person signing the document and then affixes a medallion seal to the document. The medallion seal is a small, round sticker that contains the company's name, address, and phone number. It also includes a unique serial number that can be used to track the document.

The MSG process is designed to help prevent fraud and ensure that the documents that are submitted to the SEC are authentic. It is also a way for the SEC to verify the identity of the people who are signing the documents.

There are a few different types of documents that can require an MSG. These include:

* Registration statements filed with the SEC
* Prospectuses for public offerings
* Amendments to registration statements
* Tender offers
* Proxy statements
* Annual reports

The MSG process is typically required for any document that is being filed with the SEC that is signed by an officer of a company or other entity.

The cost of an MSG varies depending on the company that is providing the service. However, it typically costs between $50 and $100.

If you are submitting a document to the SEC that requires an MSG, you will need to contact a company that provides the service and request a medallion seal. The company will then verify your identity and affix the seal to the document.

The MSG process is a simple and effective way to authenticate the signatures of certain types of documents. It is a valuable tool for protecting against fraud and ensuring the integrity of the documents that are submitted to the SEC.

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