Medallion Waiver Program
What is a Medallion Waiver?
The Medallion Waiver Program is not an official program under a particular organisation, such as the STA, SEC, or Keymark, the founders of the STAMP program. Individual Transfer Agents aka Share registrars provide the Medallion Waiver. Only apply for a Medallion Waiver when the Shares to transfer value is under $10,000USD.
Why Offer a Medallion Waiver?
Sometimes the Medallion Waiver is for Shares with a very low value. Alternately, the reason for the Medallion requirement could be because of a name change. If a US citizen is living outside of the USA and their shares require a medallion signature guarantee, then the cost of the medallion may be in excess of the Shares value.
Do All Transfer Agents Offer a Medallion Waiver?
Not all Transfer Agents offer a Medallion Waiver option. Those that do offer it rely on a case by case basis. This is for protection in the event the transaction is fraudulent. It prevents the Transfer Agent from being held liable. Transfer Agents must consider that while the value of the stock they are transferring under the medallion waiver program may have a low value today, the value changes over time. If the share value rockets and the transfer was done under a waiver program, the transfer agent may have a problem.