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Medallion signature guarantee: Validates that the identity of the signer. Establishes that the representative of the institution accepts the proof of idenity preseneted by the signator. The institution can be legally held financially responsible for (any losses resulting from) the transaction if the signature is determined to be a forgery. Medallions are normally only given by institutions to active members of that bank/credit union /securities firm where they already do business with and know the identity of the signator.

A signature guarantee is not to be confused with an acknowledgment of execution taken by a notary public, in which a signer "acknowledges" to the notary that he/she signed the document voluntarily. The notary also verifies the signer's identification to verify that he/she is the signer stated in the document. However, a notary public is a government officer, whereas a medallion signature guarantee is not a government-regulated act.

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Q: What is the difference between a Medallion signature guarantee and a non-Medallion signature guarantee?
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