PETER LLOYD ANDERSON is currently employed as a Broker and/or Investment Adviser at ROYAL ALLIANCE ASSOCIATES, INC. located at 3900 NORTHWOODS DRIVE, SUITE 125, ARDEN HILLS, MN, 55112.
PETER LLOYD ANDERSON has worked at ROYAL ALLIANCE ASSOCIATES, INC. since February 27, 1995
Disclosure History
PETER LLOYD ANDERSON has 2 Disclosure Event(s).
Date: October 09, 1996 Category: Regulatory
Date: February 27, 1995 Category: Employment Separation After Allegations Firm Name: AMERICAN EXPRESS FINANCIAL ADVISORS INC. Termination Type: Permitted to Resign Allegations: N/AIT WAS ALLEGED THAT APPLICANT ENGAGED INOUTSIDE BUSINESS ACTIVITY WITHOUT FORMAL DISCLOSURE TO AMERICANEXPRESS FINANCIAL ADVISORS Broker Comment: TERMINATIONTHE ALLEGED "OUTSIDE BUSINESS ACTIVITY" THAT WASTHE SUBJECT OF THE INTERNAL REVIEW AND TERMINATION HAD BEENDONE WITH FULL KNOWLEDGE OF THE COMPLIANCE DEPARTMENT ATIDS/AMERICAN EXPRESS FINANCIAL ADVISORS, INC. (AMEX). THISACTIVITY CONSISTED ONLY OF FIXED INSURANCE PRODUCTS, WHICH WEREABLE TO BE PLACED WITHOUT A SECURITIES LICENSE. I WAS ONLY ANASSISTANT AT AMEX AT THE TIME, AND I UNDERSTOOD MY ACTIVITY TOBE PROPER. INDEED, MY DISTRICT MANAGERS AND DIVISIONAL MANAGERAT AMEX HAD REFERRED CASES TO ME, THE RESULTING SERVICE OFWHICH WAS ONLY LATER COMMUNICATED TO ME AS BEING IMPROPER"OUTSIDE BUSINESS ACTIVITY." MOREOVER, AS AN ASSISTANT, I WASNEVER ASKED OR REQUIRED TO FILL OUT AN "EXPLANATION OF OUTSIDESALES DISCLOSURE FORM", NOR DO I RECALL EVER BEING GIVEN ACOMPLIANCE MANUAL. FINALLY, WITHOUT INTENDING TO VIOLATE ANYINVESTMENT RELATED STATUTES, REGULATIONS, RULES OR INDUSTRYSTANDARDS OF CONDUCT, I BELIEVED I WAS ACTING IN THE BESTINTERESTS OF MY CLIENTS.
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