Mormon Church expected to pay $5 million fine to settle SEC charges
1 year ago
92
The Church of Jesus Christ of Latter-day Saints and its investment manager will pay a $5 million fine to settle regulatory charges that it hid a huge investment fund. The Securities and Exchange Commission said Tuesday that Ensign Peak Advisers, the investment management firm that handles the LDS church’s finances, failed to file forms that would have disclosed the value of certain church investments.
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