Series 24: 5.11.4.2. Assignment

5.11.4.2. Assignment

The person selling a security must sign the security certificate to constitute good delivery. This signature constitutes the owner’s endorsement that he is turning the security over to another person. Usually, the endorsement is signed on the back of the security and sent to the purchaser by registered mail. Another method is to enter the name of a third party, usually the purchaser, on the certificate to safegua