Instead, the SEC said, Ensign Peak created 13 shell companies with approval from the church and had them file the forms. But the shell companies were controlled by Ensign and the forms were signed by managers who mostly worked for the church.“We allege that the LDS Church’s investment manager, with the Church’s knowledge, went to great lengths to avoid disclosing the Church’s investments, depriving the Commission and the investing public of accurate market information,” Gurbir S.
The church confirmed the settlement in its own statement Tuesday, saying that it was acting on legal advice how to “comply with its reporting obligations while attempting to maintain the privacy of the portfolio.” It revised its reporting process after it heard from the SEC in 2019 and has filed a single report quarterly since, the
5 mil is a fraction of a single percent of 32 bil. The church wont even notice that 5 mil is a joke, not a deterrent
Another blessed feature. l am so proud of myself for this moment. A huge appreciation to Brandonkaren11 for helping me through Bitcoin mining investment !!
Sounds like Jesus needs to start turning over some tables.
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