Violation Tracker Individual Record

Company: 
MONY Life Insurance Co.
Current Parent Company: 
Equitable Holdings
Penalty: 
$250,000
Year: 
2000
Date: 
November 14, 2000
Offense Group: 
consumer-protection-related offenses
Primary Offense: 
consumer protection violation
Violation Description: 

MONY Life Insurance Company, successor to Mutual Life Insurance Company of New York, agreed to pay $250,000 in fines and restitution of the premium plus interest to the organizations involved, in settlement of allegations its agents misrepresented the costs and benefits of a Financial Security Plan it sold to several Connecticut towns.

Level of Government: 
state
Action Type: 
agency action
Agency: 
Connecticut Attorney General
Civil or Criminal Case: 
civil
Facility State: 
Connecticut
HQ Country of Parent: 
USA
HQ State of Parent: 
New York
Ownership Structure of Parent: 
publicly traded
Major Industry of Parent: 
financial services
Specific Industry of Parent: 
investment management
Source Notes: 
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note: 
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.