1100 13th Street, NW, Suite 750Washington, DC 20005202.887.6400Customer Service: 800.544.0155
All Contents © 2019The Kiplinger Washington Editors
See All Authors »
President and CEO,
Securities Investor Protection Corporation
Stephen Harbeck joined the legal staff of the Securities Investors Protection Corp., a nonprofit created by Congress to offer protection to customers of failed brokerage firms, in 1975. He became General Counsel in 1995 and was elected President and CEO in 2003. His tenure is marked by the ongoing liquidations of Lehman Brothers, the largest bankruptcy in history, Bernard L. Madoff Investment Securities, the largest Ponzi scheme in history, and MF Global, the eighth-largest bankruptcy in history. Harbeck has served as Adjunct Professor of Bankruptcy Law at American University's Washington College of Law. In addition, he served as a sergeant in Vietnam in 1970-1971. His specialty was Forward Operations and Intelligence, Sniper.
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.
See More From: Building Wealth
"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.