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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 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 ...
The Church of Jesus Christ of Latter-day Saints defended Tuesday how it uses and invests member donations after a former church employee charged in a complaint to the Internal Revenue Service that ...
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]
According to the LDS Church, most of its revenues come in the form of tithes and fast offerings contributed by members. [15] Tithing donations are used to support operations of the church, including construction and maintenance of buildings and other facilities, and are transferred from local units directly to church headquarters in Salt Lake City, where the funds are centrally managed.
When it comes to crime, not all criminals are reckless—some are incredibly calculated, leaving investigators puzzled for years. From meticulously planned heists to loophole-exploiting scams ...
In 2023, a jury awarded a Riverside woman $2.28 billion against her stepfather for the sexual abuse she endured for years by her stepfather at church functions, allegedly with knowledge of local church leaders and her mother. The church denied wrongdoing, but settled its part of the lawsuit for $1 million in December; the woman's mother settled ...