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Probate and Personal Representatives : Includes Executors, Court Appointed Guardian of a Minor's Estate, Administrators in Deaths Without a Will, Intestate Distribution, etc.
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Reload this Page Medallion Signature Guarantee

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  #1  
Old 10-24-2009, 10:25 AM
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Posts: 3

Medallion Signature Guarantee

What is the name of your state (only U.S. law)? California

Is it illegal for a financial institution employee to read a document before completing the subject guarantee? I thought the only purpose for the process related to the verification of the person signing and the signature. Is there a privacy issue here?
  #2  
Old 10-25-2009, 02:34 PM
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Join Date: Apr 2002
Posts: 9,187
Why would you object to them reading it? Do a GOOGLE search using the phrase "Medallion Signature Guarantee" and educate yourself about the definitions and usages.

What is your exact specific concern about privacy being violated?
  #3  
Old 10-26-2009, 03:27 PM
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Quote:
Originally Posted by Dandy Don View Post
educate yourself about the definitions and usages.

What is your exact specific concern about privacy being violated?
I'm quite experienced at searching...thanks. This was a technical question which you apparently weren't able to answer. For your info, the bank employee refused to gaurantee the signature because she read something relating to "other documents" which had long since been returned to the brokerage firm. This had nothing to do with a signature guarantee.
  #4  
Old 10-27-2009, 01:16 PM
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So why are you not discussing this with the bank employee who gave you the information?
  #5  
Old 10-27-2009, 04:06 PM
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Join Date: Oct 2009
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I need factual, legal answer to my question before doing that. Obviously I can't get it here...all I get is questions. If you come up with something helpful, please feel free to respond.

Thank you
  #6  
Old 10-27-2009, 04:08 PM
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Posts: 21,726
Answer: No
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The information I gave is based on my 7 seconds of research on Google. Review the information yourself to make an informed decision.

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