If you have executed a New York Stock Exchange Medallion Signature Program Indemnity Agreement you are required to file a New York Medallion Signature Program (MSP) Bond as a condition of licensure.
Bonds Express offers a New York Medallion Signature Program (MSP) Bond with a 99% approval rate.
A surety bond protects the party requesting the bond, the Obligee, against any financial losses as a result of poor financial decisions, damages, unethical decisions, or a failure to follow state and local laws on the part of you, the Principal. The New York Medallion Signature Program (MSP) Bond holds you accountable for your business decisions.
By possessing a New York Medallion Signature Program (MSP) Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.