Is it legal for an investment company to require a Medallion Signature Guarantee even if I am unable to get one, therefore holding my money "hostage?" I am the named beneficiary of my deceased father's IRA account. I know that Medallion Signature Guarantee requirements are common, but I also know that obtaining the Medallion Signature Guarantee is not easy. I am not able to get one, end of story, and want to know if this means that I simply can never have the money that my father left me. Do I have any legal recourse?