Mr. Stephen P. Harbeck, President, Securities Investor Protection Corporation Financial Services Committee held a meeting to assess the Madoff Ponzi Scheme and the need for regulatory reform. Washington DC, USA - 05.01.08

WASHINGTON - JANUARY 05: Stephen Harbeck, president of the Securities Investor Protection Corporation, testifies during a hearing before the House Financial Services Committee on Capitol Hill January 5, 2009 in Washington, DC. The hearing was to assess the alleged $50 billion ...

Stephen P. Harbeck, president, Securities Investor Protection Corporation, testifies on Capitol Hill in Washington, Monday, Jan. 5, 2009, before the House Financial Services Committee. (AP Photo/Haraz N. Ghanbari)