Basic Search  |  Summaries  |  Advanced Search

Violation Tracker Individual Record

Company: Ensign Peak Advisers Inc.
Penalty: $4,000,000
Year: 2023
Date: February 21, 2023
Offense Group: financial offenses
Primary Offense: investor protection violation
Violation Description: The Securities and Exchange Commission settled charges against Ensign Peak Advisers Inc., a non-profit entity operated by The Church of Jesus Christ of Latter-day Saints to manage the Church's investments, for failing to file forms that would have disclosed the Church's equity investments, and for instead filing forms for shell companies that obscured the Church's portfolio and misstated Ensign Peak's control over the Church'sinvestment decisions. The SEC also announced charges against the Church for causing these violations. Ensign Peak agreed to pay a $4 million penalty and the Church agreed to pay a $1 million penalty.
Level of Government: federal
Action Type: agency action
Agency: Securities and Exchange Commission
Civil or Criminal Case: civil
Source of Data: (click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.