Harbeck

But for now, only about 60% of the assets in those accounts are expected to be immediately transferred, as the trustee sorts through the situation, said Stephen Harbeck , head of the the Securities Investor Protection Corp.

Court Approves Transfer of Some Customer Accounts Mike Spector 2011

"The delay is the direct result of what I would view as improvident appeals," Mr. Harbeck said.

Court Challenges Delay Payouts for Madoff Victims Michael Rothfeld 2011

SIPC President and Chief Executive Stephen Harbeck said in a statement that the group's board would review the SEC's finding "as quickly as possible" and make a decision in the near future.

Stanford Investors Score in Bid to Recover Funds Jessica Holzer 2011

The Securities Investor Protection Corp., which insures accounts at failed brokerages within certain limits, does not think the federal law at issue "has any provision for the time value of money," SIPC President Stephen P. Harbeck said.

Republicans question SEC official's tie to Madoff 2011

Stephen Harbeck , SIPC's president, said there is "no authority under the Securities Investor Protection Act that permits adjustments for inflation."

Madoff Trustee Wins Ruling on 'Net Winners' Michael Rothfeld 2011

When Picard filed the suit against the Beckers, he did not know that David Becker was the SEC's general counsel, said Stephen P. Harbeck, president of the Securities Investor Protection Corp., which is also involved in helping to cover investors' losses.

Madoff victims' trustee seeks payouts from family of David Becker, SEC general counsel 2011

Picard has decided not to pursue claims against some Madoff customers who are facing severe financial hardship, Harbeck said.

Madoff victims' trustee seeks payouts from family of David Becker, SEC general counsel 2011

SIPC President Stephen Harbeck said in an interview that the agency would "defend" itself against the SEC action.

SEC Suit Pursues Payouts by SIPC Andrew Ackerman 2011

About $10 billion has been recovered, which would cover about half of the roughly $20 billion that investors lost, Harbeck said.

Madoff victims' trustee seeks payouts from family of David Becker, SEC general counsel 2011

If the trustee isn't able to find one, the paper securities and cash will be sent directly to clients, said Stephen Harbeck , president of the Securities Investor Protection Corp., or SIPC.

Q&A: How MF Global's Bankruptcy Affects Customers Joe Light 2011