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Tag: U.S. Securities and Exchange Commission

SEC Fines LDS Church $5-Million For Hiding $32-Billion Investment Fund Behind Shell Companies

SEC Fines LDS Church $5-Million For Hiding $32-Billion Investment Fund Behind Shell Companies

By /February 22, 2023 /Local News

(Salt Lake City, UT) — Yesterday, the Securities and Exchange Commission fined the Church of Jesus Christ of Latter-day Saints five-million dollars over accusations the church failed to properly disclose its investment holdings. The SEC said investments and their management were hidden behind a number of shell companies from 1997 […]

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Mormon church investment fund had nearly $38 billion

Mormon church investment fund had nearly $38 billion

By /March 8, 2020 /Local News

SALT LAKE CITY (AP) — A filing shows The Church of Jesus Chris of Latter-day Saints’ largest investment fund had nearly $38 billion at the end of 2019. The Salt Lake Tribune reports the fund submitted the filing to the U.S. Securities and Exchange Commission on Feb. 14. A former […]

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