Subject: File No. 4-606
From: Geoff Gilbert, CFA
Affiliation: Founder, Inukshuk Investments

May 16, 2013

One, standardized fiduciary duty - as written in the 1940 Investment Advisors Act, needs to be ENFORCED...

not rewritten, not watered down

Remove the broker exemption

You have lost the trust of the general public. Without the higher standards, we will lose them forever.


Geoff Gilbert, CFA