SEC Investigation: Mormon Church's $100 Billion Secret Investment Portfolio

The Securities and Exchange Commission (SEC) is investigating the Church of Jesus Christ of Latter Day Saints over allegations it failed to disclose investments in a secretive $100 billion investment portfolio. This investigation centers around the church's past efforts to keep its giant investment portfolio a secret, a practice that ended after Ensign Peak Advisors began filing a consolidated report with the SEC, ending a period of alleged non-compliance.

On February 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 Advisers Inc, with significant reporting violations. The SEC's investigation revealed that Ensign Peak Advisers Inc, a non-profit entity operated by The Church of Jesus Christ of Latter-day Saints, failed to properly disclose its vast investment holdings.

In an order released Tuesday, the SEC alleged that the church illicitly hid its investments and their management behind multiple shell companies from 1997 to 2019. These shell companies were allegedly used to obscure the true size and scope of the church's $100 billion investment portfolio, raising questions about transparency and regulatory compliance.

This SEC investigation into the Mormon Church's investment practices highlights the importance of accurate and transparent financial reporting by large organizations. The outcome of this investigation could have significant implications for the Church of Jesus Christ of Latter-day Saints and its future investment strategies. The case underscores the SEC’s commitment to enforcing securities laws and ensuring fair practices in financial markets.

Stay updated on the latest developments in the SEC's investigation into the Mormon Church's $100 billion secret investment portfolio. We will continue to provide comprehensive coverage as the story unfolds.