Subject: File No.S7-24-15, Release No.34-87607 God Complex found in Leaders & SEC?
From: Theodore Westerman
Affiliation:

Apr. 26, 2020


I Sent this to Proshares without knowing 
If they sent it to you, So I am sending this 
Directly to You just in case you have not 
Received it ! If you have ANY questions 
For me please reach me by Phone 

Ted Westerman 


Sent from my Eye-Phone 

Begin forwarded message: 


From: Theodore Westerman
Date: April 24, 2020
Subject: God Complex found in Leaders & SEC? 


Boy Scouts, Priests and other Revered 
Societal Leaders have Persistently 
Claimed they are “looking out for” 
Their flock, while actually looking out 
For their own best interests! 

Now apparently the Brokerage Houses 
& Funds are acting like Gods. 
And Now The FCC ? 

1) Fidelity Investments 
They started denying my wish to 
Purchase certain investments claiming 
That they were “Protecting their customers” 
From some possible future loss of income? 
They called them “caviat emptor” stocks ! 
When I pointed out to them that those words 
Meant “ buyer beware”, not Fidelity knows 
Best, they changed the category name for 
Those stocks, but still did not allow me to 
Invest. Yes Virginia, there is a “Fidelity God”! 
More importantly who are they really 
Protecting? 

2) Direxion MIDZ etc 
ThIs firm very recently CLOSED at least 6 
Funds (all leveraged & Inverse FUNDS), 
Claiming that there was Not Enough Interest 
In those Funds so they decided to CLOSE 
Them! In a time like this, they had No Customers? The 8 Ball would predict 
DOUBTFUL ! 

3) SEC Proposal 
No more Inverse & Leveraged Funds 
To be purchased by Individual Investors? 
Give CONTROL to Who? 

Stocks,Mutual Funds, ETF’s and “other” 
Investments being DENIED to the SMALL 
Investors, while the LARGE investors 
Simply get permission by paying a fee ? 

This is the Most Egregious Example of 
CLASS DISCRIMINATION 
I’ve Ever Seen in my Lifetime ! 
I’m sure this proposal could be found 
To to be breaking some of the Elder Abuse 
Laws now on the Books, as well ! 

I, for one have been Using Inverse & 
Leveraged Funds for 20+ years ! 
Always to my BENEFIT ! 

The “ONLY” Result of Your Proposal 
Will be to BLOCK out the Individual 
Investors so that they could NEVER 
Catch up to the Wealthy! Protecting 
WHO? 

So to Recap; 
1). Individual Investors are smarter than 
You give us credit for ! 
2) We need to have the ability to 
Improve our Lot in Life, and investing 
In leveraged and Inverse Funds are our 
way to do this, our LIFEBLOOD ! 
3) Free markets should ALWAYS be 
Free to EVERYONE not reserved to 
Certain Social Classes ! 
4). If Your Concern for the Public 
Has any REALITY to it, then here is 
A suggestion - Require Investors who 
Have No Experience in investing 
In Leveraged & Inverse Funds take 
A short Course Explaining the Dangers 
And get a signature, so that EVERYONE 
Knows that they are Investing by their 
Own will and hold nobody else responsible ! 

Ted Westerman 
Problem Solver 







Sent from my Eye-Phone