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Wednesday, September 8, 2010

My complaint to the SEC $SRS

Tell Us About the Firm or Individual You Have a Complaint Against

Subject type: Firm
Name : Federal Reserve Bank
Type : Federal Government Agency

Nature of complaint: Manipulation of Security Price/Volume

Type of Security: Equity Security (general)
Security Symbol : SRS

How you Learned about the Transaction or other Activity:

It's not at all hard to see the blatant manipulation in this ETF

* Details About the Transactions or other Activity:

If you'll take a look at the chart below (link provided) you will see that the price of this ETF is OBVIOUSLY being manipulated by the United States government and/or the Federal Reserve bank of the United States of America.

It is my personal opinion that the government / Federal Reserve, at the time, was desperately looking for ways in which to crush the life out of market shorts..

This particular ETF (SRS ProShares UltraShort Real Estate ETF (NYSE ARCA)) traded around a split adjusted price of 400.00 per share in the fall of 2006, the height of the real estate bubble. During the panic in the fall of 2008 it hit a split adjusted price of nearly 1,500.00 per share.

It trades today (09/08/2010) about 21.50 per share..

I can't imagine that ANYONE could look at this 4 year chart with monthly candles and NOT see price / volume manipulation..

Relevant Internet Addresses:


Any Additional Information

Use this area to add any additional information that you wish:

IF investors cannot trust even our own governmental institutions to be honest and fair then where are they to turn for assistance of any kind?

Admittedly this complaint is somewhat tounge in cheek because obviously the SEC is not about to investigate the United States government and/or the Federal Reserve Bank..

However.. therein lies the problem.. You will NEVER be able to restore investor/consumer confidence in any part of this ponzi market or ponzi economy as a whole as long as the federal government is heavily manipulating same..

I have no hard proof for you.. LOOK and you will see.. But I'm sure you already are well aware of all the market / economic manipulation being undertaken by the United States government, the Federal Reserve Bank, The FHA, the the SEC, Fannie Mae, Freddie Mac, on and on..

YOU are helping to destroy ALL confidence in government / finance as a whole.

I will be publishing the content of this complaint and will look forward to your cooperation and findings in this matter..

Gregory S. Phillips

This was my exit page on the SEC site after submission..

Enforcement Complaint Form
Thank you for your submission to the Division of Enforcement at the United States Securities and Exchange Commission in Washington, D.C. We appreciate your taking the time to contact us. This automated response confirms that you have successfully submitted information to the Division of Enforcement. You can rest assured that an attorney in the Office of Internet Enforcement will review your information promptly.

We are always interested in hearing from members of the public, and you may be assured that the matter you have raised is being given careful consideration in view of the Commission's overall enforcement responsibilities under the federal securities laws. It is, however, the Commission's policy to conduct its inquiries on a non-public basis -- so this may be the only response that you receive. If your complaint is more in the nature of a consumer complaint (such as a dispute with your broker or a problem with your brokerage or retirement account), you should contact our Office of Investor Education and Assistance -- they may be able to help you. You may reach the Office of Investor Education and Advocacy via telephone at (202) 551-6551 or through the Web at HYPERLINK "http://www.sec.gov/complaint.shtml ".

The Commission conducts its investigations on a non-public basis to preserve the integrity of its investigative process as well as to protect persons against whom unfounded charges may be made or against whom the Commission determines that enforcement action is not necessary or appropriate. Subject to the provisions of the Freedom of Information Act, we cannot disclose to you any information which we may gather and we cannot confirm to you the existence or non-existence of an investigation, unless made a matter of public record in proceedings brought before the Commission or in the courts.

If you are unsure where you should direct your inquiry or you want to learn more about how the SEC handles inquiries and complaints, please visit the SEC Complaint Center at HYPERLINK "http://www.sec.gov/complaint.shtml".

We appreciate your interest in the work of the Commission and its Division of Enforcement.

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