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On February 21, 2023, the United States Securities and Exchange Commission (SEC) charged the Church of Jesus Christ of Latter-day Saints (LDS Church) and its non-profit investment arm, Ensign Peak Advisors (EP), for failing to disclose the LDS Church's investments, and instead creating shell companies whose purpose was to obscure the church's portfolio.
The Church of Jesus Christ of Latter-day Saints and a nonprofit entity that it controlled have been fined $5 million by the Securities and Exchange Commission over accusations that the religious ...
The US Securities and Exchange Commission says The Church of Jesus Christ of Latter-day Saints and its investment arm will pay $5m
The LDS Church denied legal liability in the case, and said it was settling the lawsuit based on "litigation economics" alone. [1] In September 2008, LDS Church bishop Timothy McCleve pleaded guilty to sexually molesting children from his ward. [2] He was sentenced in December 2008 to 1–15 year prison terms for the abuse. [3]
Ensign Peak Advisors (/ ˈ ɛ n s aɪ n / EN-syne) [3] (EP) is the investment manager for assets of the Church of Jesus Christ of Latter-day Saints (LDS Church). [4]In 1997, the investment division of the LDS Church was spun off into a separate legal entity named after Ensign Peak, a hill that overlooks Salt Lake City. [4]
The investment arm of the Mormon church revealed its stock holdings in a 13F filing last week. The church has amassed a portfolio of individual stocks worth $55 billion. A top AI stock is a new ...
Warren Steed Jeffs (born December 3, 1955) is an American cult leader who is serving a life sentence in Texas for child sexual assault following two convictions in 2011. He is the president of the Fundamentalist Church of Jesus Christ of Latter-Day Saints, a polygamous cult based in Arizona. [8]
The legal action brings more scrutiny about how the faith known widely as the Mormon church handles its vast financial holdings bolstered by so-called “tithing” from by members who contribute ...