Insurance News

A Message from Mark Liftman, President of Liftman Insurance
As you are aware, the economic downturn in recent years has led to wide stock market fluctuations. In addition, new laws and regulations that govern the financial industry have become more complex...Read More
Understanding Insurance Companies' Financial Ratings
Now more than ever, your insurance carrier's financial rating should be a primary concern before purchasing any type of insurance. Of course, coverage, terms and premiums must be evaluated but if...Read More


STAMP (Securities Transfer Agents Medallion Program) and SEMP (Stock Exchange Medallion Program) Surety Bonds

STAMP and SEMP bonds are signature guarantee bonds that protect an Investor, an Issuer of Securities, or Transfer Agent against fraud. Issuers of Securities and Transfer Agents rely upon the signature guarantee process for the transfer of securities. This process makes the Transfer Agent liable for improper securities registration.

A STAMP bond is used by all signature guarantors. A SEMP bond is used by members of a particular stock exchange.

SEC Rule17 Ad-15 requires that Transfer Agents adopt an equitable methodology for acceptance of signature guarantees from eligible Guarantor institutions.

Click the following link for specifics: http://www.law.uc.edu/CCL/34ActRls/rule17Ad-15.html

Please call us at 617-439-9595 so we can tell you which of our applications and rates are right for you.

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