Washington (Dec. 2, 2003) - The Securities Investor Protection  Corp. said Stephen P. Harbeck, a 28-year veteran of the concern, has been named the new president and chief executive of the congressionally chartered investor watchdog, based here.

He succeeds Michael Don who had served as SIPC president since 1995 and recently retired.

Harbeck joined the legal staff of the SIPC in 1975 and was promoted to general counsel in 1995. During his tenure, Harbeck has served as adjunct professor of bankruptcy law at American University's Washington College of Law.

In his expanded role, Harbeck will develop the SIPC’s relationships with the Securities and Exchange Commission and Congress as well as with other self-regulatory organizations.

-  WebCPA staff

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