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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 ...
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]
It was later named the "Church of the Latter Day Saints". It was renamed the "Church of Jesus Christ of Latter Day Saints" in 1838 (stylized as the "Church of Jesus Christ of Latter-day Saints" in the United Kingdom), [6] which remained its official name until Smith's death in 1844. This organization subsequently splintered into several ...
Beginning in 1919, LDS Church president Heber J. Grant appointed a committee charged with revising the endowment ceremony which was done under the direction of apostle George F. Richards from 1921 to 1927. [6]: 104–05 Among the changes instituted was a modification of the oaths. While the gestures remained unchanged, the church removed the ...
The Church of Jesus Christ of Latter-day Saints, informally known as the LDS Church or Mormon Church, is the largest Latter Day Saint denomination. Founded during the Second Great Awakening , the church is headquartered in Salt Lake City , Utah, and has established congregations and built temples worldwide.
Latter Day Saints believe that as a prerequisite to receiving the priesthood, a person must be "called" to the priesthood. When a person is called, it is the person's opportunity or destiny to hold the priesthood. See Matthew 22:14 ("Many are called but few are chosen"). There is some disagreement among the various Latter Day Saint sects as to ...
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