Violation Tracker Parent Company Summary

Parent Company Name: 
Penn Mutual
Ownership Structure: 
mutual
Headquartered in: 
Pennsylvania
Major Industry: 
financial services
Specific Industry: 
insurance and investment management
Penalty total since 2000: 
$6,062,697
Number of records: 
16
Top 5 Offense Groups (Groups Defined)Penalty TotalNumber of Records
employment-related offenses$2,880,0001
financial offenses$2,674,11311
consumer-protection-related offenses$508,5844
Top 5 Primary Offense TypesPenalty TotalNumber of Records
wage and hour violation$2,880,0001
investor protection violation$2,674,11311
insurance violation$508,5844
Notes: 

Parent-subsidiary linkages are based on relationships current as of the latest revision listed in the Update Log, which may vary from what was the case when a violation occurred. The penalty totals are adjusted to account for the fact that the individual entries below may include both agency records and settlement announcements for the same case; or else a penalty covering multiple locations may be listed in the individual records for each of the facilities. The totals are also adjusted to reflect cases in which federal and state or local agencies cooperated and issued separate announcements of the outcome. Duplicate or overlapping penalty amounts are marked with an asterisk in the list below.

Associated Names: 

Janney Montgomery Scott LLC; Penn Mutual Life Insurance Co.

Links: 

Subsidy Tracker data on financial assistance to this company by federal, state and local government agencies can be found here.


Individual Penalty Records:

Click on the company or penalty amount for more information on each case.
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Company Primary Offense Type Year Agency Penalty Amountsort icon
Janney Montgomery Scott wage and hour violation 2009 private lawsuit-federal $2,880,000
Janney Montgomery Scott LLC investor protection violation 2004 SEC $875,000
Janney Montgomery Scott LLC investor protection violation 2011 SEC $850,000
The Penn Mutual Life Insurance Co. insurance violation 2019 NY-DFS $455,584
Janney Montgomery Scott LLC investor protection violation 2005 CO-SEC $259,227
Janney Montgomery Scott LLC investor protection violation 2019 SEC $241,227
Janney Montgomery Scott, Inc. investor protection violation 2001 DE-SEC $210,909
Janney Montgomery Scott LLC investor protection violation 2015 DE-SEC $105,000
Janney Montgomery Scott LLC investor protection violation 2000 SEC $100,000
Penn Mutual Life Insurance Co. insurance violation 2017 MD-INS $25,600
Penn Mutual Life Insurance Co. insurance violation 2018 DE-INS $17,000
Penn Mutual Life Insurance Co. insurance violation 2015 MD-INS $10,400
Janney Montgomery Scott LLC investor protection violation 2006 RI-FIN $10,250
Janney Montgomery Scott LLC investor protection violation 2016 PA-BKG $10,000
Janney Montgomery Scott LLC investor protection violation 2005 IL-SEC $7,500
Janney Montgomery Scott LLC investor protection violation 2004 IL-SEC $5,000
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