The Mormon Church’s investment arm is under SEC investigation over past efforts to keep the size of its $100 billion portfolio a secret
The Securities and Exchange Commission is investigating the Mormon Church’s past efforts to keep its giant investment portfolio a secret, a practice that ended after a former employee revealed in 2019 that the church had amassed $100 billion of holdings.
The SEC’s investigation has focused on whether the Church of Jesus Christ of Latter-day Saints, also known as LDS, complied with disclosure requirements for large money managers. It is at an advanced stage and is likely to lead to a settlement in the coming months, people familiar with the matter said.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Latest from Mormon Land: Missions are winners for women; ‘white’ Jesus need not applyIn the latest news in and about The Church of Jesus Christ of Latter-day Saints, a new study shows the value of serving missions for young Latter-day Saint women; a new push is underway to diversify artwork of Jesus; and how the church and its members can help save the Great Salt Lake.
Read more »
Santos on Romney’s criticism: ‘It wasn’t very Mormon of him’Rep. George Santos (R-N.Y.) said Sen. Mitt Romney’s (R-Utah) comments to the first-term lawmaker during an exchange at the State of the Union address last night were not “very Mormon of him.” “It’s not the first time in history that I’ve been told to shut up and go to the back of the room, especially…
Read more »
‘It wasn’t very Mormon of him,’ Santos says of clash with Romney“You don’t belong here,” Sen. Mitt Romney told Rep. George Santos as he walked by, in a hostile exchange that was captured on video and quickly went viral.
Read more »
Jana Riess: ‘Real Housewife’ Heather Gay pens a juicy ex-Mormon memoirJana Riess: For Latter-day Saints who aren't so rigid about the church that they can’t bear seeing it criticized, Heather Gay's book is a compelling read.
Read more »
Coinbase CEO Concerned About SEC Ambitions to Crackdown on Crypto StakingCoinbase chief executive Brian Armstrong has raised concerns about the SEC’s stance on crypto staking.
Read more »