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Violation Tracker Current Parent Company Summary
Current 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: $10,634,952
Number of records: 23
| Top 5 Offense Groups (Groups Defined) | Penalty Total | Number of Records |
| financial offenses | $7,246,368 | 18 |
| employment-related offenses | $2,880,000 | 1 |
| consumer-protection-related offenses | $508,584 | 4 |
| Top 5 Primary Offense Types | Penalty Total | Number of Records |
| investor protection violation | $7,246,368 | 18 |
| wage and hour violation | $2,880,000 | 1 |
| insurance violation | $508,584 | 4 |
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.
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.
| Company | Primary Offense Type | Year  | Agency | Penalty Amount |
| Janney Montgomery Scott LLC | investor protection violation | 2000 | SEC | $100,000 |
| Janney Montgomery Scott, Inc. | investor protection violation | 2001 | DE-SEC | $210,909 |
| Janney Montgomery Scott LLC | investor protection violation | 2004 | SEC | $875,000 |
| Janney Montgomery Scott LLC | investor protection violation | 2004 | IL-SEC | $5,000 |
| Janney Montgomery Scott LLC | investor protection violation | 2005 | CO-SEC | $259,227 |
| Janney Montgomery Scott LLC | investor protection violation | 2005 | IL-SEC | $7,500 |
| Janney Montgomery Scott LLC | investor protection violation | 2005 | FINRA | $2,200,000 |
| Janney Montgomery Scott LLC | investor protection violation | 2006 | RI-FIN | $10,250 |
| Janney Montgomery Scott | wage and hour violation | 2009 | private lawsuit-federal | $2,880,000 |
| Janney Montgomery Scott LLC | investor protection violation | 2009 | FINRA | $200,000 |
| Janney Montgomery Scott LLC | investor protection violation | 2011 | SEC | $850,000 |
| Janney Montgomery Scott LLC | investor protection violation | 2015 | DE-SEC | $105,000 |
| Penn Mutual Life Insurance Co. | insurance violation | 2015 | MD-INS | $10,400 |
| Janney Montgomery Scott, LLC | investor protection violation | 2015 | FINRA | $1,200,000 |
| Janney Montgomery Scott LLC | investor protection violation | 2016 | SEC | $500,000 |
| Janney Montgomery Scott LLC | investor protection violation | 2016 | PA-BKG | $10,000 |
| Penn Mutual Life Insurance Co. | insurance violation | 2017 | MD-INS | $25,600 |
| Penn Mutual Life Insurance Co. | insurance violation | 2018 | DE-INS | $17,000 |
| Janney Montgomery Scott LLC | investor protection violation | 2019 | SEC | $241,227 |
| The Penn Mutual Life Insurance Co. | insurance violation | 2019 | NY-DFS | $455,584 |
| Janney Montgomery Scott, LLC | investor protection violation | 2020 | CT-BKG | $150,000 |
| Janney Montgomery Scott, LLC | investor protection violation | 2020 | CT-SEC | $250,000 |
| Janney Montgomery Scott LLC | investor protection violation | 2022 | DE-SEC | $72,255 |
