Subject: File No. 4-606
From: Jordan C Gary, CFP
Affiliation: President of Investment and Aset Planning, LLC

May 15, 2013

For years the large brokers have resisted fiducary standards and want to have the standards of a marketing salesperson, but want to call their salespersons "investment advisors".
This is wrong acording the 1940 investmetn advisory laws. However because of their large size and SEC clout, they have been allowed to do this. Now the law has changed with the recent new laws. Again the SEC is caving in to the large broker dealers and investment banks.

Please have any one who calls themselves an investment advisor to follow the full fiducary standard of putting the client always first in any advise or recommendations.

Second, they want us RIAs to be subject to the FINRA which is controlled by the large broker dealers. This of course would choke the smaller RIAs and help the big broker dealers.

Please allow the SEC to raise fees and be able to afford to have more auditors to audit us on a regular basis. The only good alternative to this is to allow RIAs to set up their own self regulated agency such as the brokers have FINRA.