Stephen P. Harbeck
Stephen Harbeck served as President and Chief Executive Officer of the Securities Investors Protection Corp., a nonprofit created by Congress to protect customers of failed brokerage firms, from 2003 to 2018. He guided SIPC through the insolvency of Lehman Brothers, the largest bankruptcy in history, the collapse of Bernard Madoff’s brokerage firm, the largest Ponzi Scheme in history, and other major insolvencies. Harbeck retired as President and CEO of SIPC in 2019. Since then he has acted as a consultant to the Shanghai Financial Court, and Shanghai Jiao Tong University, and is currently a consultant to the Japan Investor Protection Fund.
Latest articles by Stephen P. Harbeck
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A Future Headline: Biff’s Investing Firm Cleans Up With AI
A future Biff and his fictional investment company will conspire to rip you off by professing to use amazing AI tools. How can you protect yourself?
By Stephen P. Harbeck Published
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Cryptocurrency: Stay In? Get Out? How to Decide?
cryptocurrency The whims of the cryptocurrency market are exposing some investors in uncomfortable ways. To avoid being caught in a compromising position, investors should follow these three sensible steps.
By Stephen P. Harbeck Published
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Cybersecurity's Family Threat: Protecting Your Assets Starts at Home
investing Not all criminals are shady strangers lurking on the Internet. Some are much closer than you think (like family and friends), so don't let your guard down, even in your own home.
By Stephen P. Harbeck Published
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5 Tips for Dealing with Your Securities Broker
investing "Trust, but verify" is a good motto for dealing with the people who help you buy stocks. Here's how savvy investors can help protect themselves.
By Stephen P. Harbeck Published
investing