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Mormon Church pays $5 million to settle accusations it covered up $32 billion investment portfolio

February 21, 2023

Mormon Church pays million to settle accusations it covered up billion investment portfolio

Eva Hambach/AFP/Getty Images (WASHINGTON) — The Mormon Church agreed Tuesday to pay $5 million to settle charges involving disclosure failures and misstated regulatory filings. The Church of Jesus Christ of Latter-day Saints and its investment management company, Ensign Peak Advisers, failed for 20 years to file forms that would have disclosed the church’s equity investments […]

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