New York Kemark Financial Services STAMP Securities Transfer Agents Medallion Program Bond
Overview
Signing off on stock transfers requires more than a signature — it requires proof of financial backing. New York's Kemark Financial Services STAMP (Securities Transfer Agents Medallion Program) bond gives your firm the medallion guarantee capacity it needs to authenticate securities transfers without delay. Transfer agents, broker-dealers, and financial institutions rely on this bond to back their medallion stamp obligations under the STAMP program. Without it, your firm cannot participate in the program or guarantee the legitimacy of securities transfer signatures.
Who Needs This Bond?
Your firm is a New York-based broker-dealer, bank, credit union, or transfer agent enrolled — or seeking enrollment — in the STAMP medallion signature guarantee program. Kemark Financial Services administers STAMP, and every participating institution must carry this bond as a condition of program membership. If your clients regularly transfer securities and expect a medallion guarantee stamp from you, this bond is the foundation of that authority. Any institution stamping transfers without it is operating outside program rules.
What is this Bond For?
This bond backs the financial guarantee that your medallion stamp represents each time you authenticate a securities transfer signature. If a fraudulent or erroneous transfer is stamped by your institution, the bond provides the financial recourse the injured party can pursue through the STAMP program. It protects the securities market ecosystem — including your clients — from losses that result from a bad guarantee. Your institution's stamp is only as credible as the bond behind it.
When is it Required?
Before your institution can apply the STAMP medallion to a single securities transfer, the bond must already be in force and accepted by Kemark Financial Services. Program enrollment is contingent on the bond being placed and verified — you do not get a grace period to obtain it after the fact. Client brokerage firms and transfer agents will not accept your medallion stamps until your program credentials are confirmed, which means confirmed bond coverage. Act before you attempt to stamp any transfer document.
Where Does it Apply?
This bond applies statewide in New York and is tied specifically to your institution's participation in the Kemark Financial Services STAMP medallion program. The STAMP program operates nationally, but this bond placement satisfies the program requirement for your New York institution. All securities transfers authenticated by your firm's medallion stamp in any state are backed by this bond.
How to Buy Online
Click 'Buy This Bond Online' on this page and the secure surety portal will open in a new tab. Enter your institution's information, select the appropriate bond limit required by your STAMP program enrollment, and complete the application. Your bond documents are processed through the portal without waiting on an agent callback.
Why Bond Titan?
Bond Titan is powered by The Southern Agency and offers direct online access to specialty financial services bonds like this one — no phone tag, no waiting rooms. Our nationwide catalog includes bonds that most local agencies don't carry or don't process quickly. Buy the Kemark STAMP bond here and get your documentation moving the same day.