Subject: File No. 4-606
From: Mary L Gibson, CFP

July 28, 2010

To Whom it May Concern:
I fully support a transparent fiduciary standard for all professionals, sales persons and representatives who sell or advise on financial products. These include but are not limited to securities, bonds, annuities, indexed annuities, variable annuities, commodities, real estate.

Consumers have a right to have their needs put first and to understand the investment sales or advisor role in the transaction, including what form of compensation and the structure of the compensation will result from the transaction.

What can possibly be wrong with a transparent fiduciary standard? Give consumers what they should have by making it easier to understand the bias or role a sales person or advisor might have.

Thank you,

Mary Lacey Gibson, CFP