The Church of Jesus Christ of Latter-day Saints' money manager will pay $4 million to settle SEC claims of obscuring the church's investments
WASHINGTON– Ensign Peak Advisors Inc., which oversees a $32 billion equities portfolio for the Church of Jesus Christ of Latter-day Saints, will pay $4 million to settle regulatory claims that the money manager obscured the church’s investment holdings.
The church will also pay a $1 million fine, the Securities and Exchange Commission announced Tuesday. The money manager and the church settled the SEC’s investigation without admitting or denying wrongdoing.
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