Mormon Church fined over claim it hid $32bn of investments
The Church and its investment management company will pay a combined $5m penalty to the US regulator. …
“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 Grewal, director of the SEC’s division of enforcement, said in a statement.
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