Full Committee Hearing

Madoff Investment Securities Fraud: Regulatory and Oversight Concerns and the Need for Reform

Date:   Tuesday, January 27, 2009 Time:   10:00 AM

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Topic

The witnesses will be: Professor John C. Coffee, Adolf A. Berle Professor of Law, Columbia University Law School; Dr. Henry A. Backe, Jr., Orthopedic Surgeon, Fairfield, Connecticut; Ms. Lori Richards, Director of the Office of Compliance, Inspections and Examinations, U.S. Securities and Exchange Commission; Ms. Linda Thomsen, Director of the Division of Enforcement, U.S. Securities and Exchange Commission; Mr. Stephen Luparello, Interim Chief Executive Officer, Financial Industry Regulatory Authority; and Mr. Stephen Harbeck, President and CEO, Securities Investor Protection Corporation.

Witnesses

Majority Statements

  1. Senator Christopher J. Dodd
  2. Senator Michael F. Bennet
  3. Senator Tim Johnson

Witness Panel 1

  1. Dr. Henry A. Backe
    Orthopedic Surgeon
    Fairfield, Connecticut
  2. Professor John C. Coffee
    Adolf A. Berle Professor of Law
    Columbia University Law School
  3. Mr. Stephen Harbeck
    President and CEO
    Securities Investor Protection Corporation
  4. Mr. Stephen Luparello
    Director of Division of Trading and Markets
    U.S. Securities and Exchange Commission
  5. Ms. Lori Richards
    Director, Office of Compliance Inspections and Examinations
    U.S. Securities and Exchange Commission
  6. Ms. Linda Thomsen
    Director, Division of Enforcement
    U.S. Securities and Exchange Commission