You can now read for yourself what the Securities and Exchange Commission’s official “cease-and-desist” order says regulators discovered. Here are some highlights taken straight from the document to look for.
“Ensign Peak did not have the authority to implement this approach,” regulators say, “without the approval of the church’s First Presidency.”| Feb. 23, 2023, 8:00 p.m.leveled against The Church of Jesus Christ of Latter-day Saints and its investment arm.about how the faith and its money managers worked to conceal the size and scope of the church’s wealth for about 20 years.
• “The senior leadership of the church approved a new reporting entity to be created with ‘better care being taken to ensure that neither the ‘Street’ nor the media [could] connect the new entity to Ensign Peak.’”
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