Article just popped up, front page Wall Street Journal.
Since it is paywalled, the relevant part is here.
Rest of the article rehearses the 2019 whistleblower leak, and the various denials by leaders of Ensign Peak ("We follow the law, etc etc.")The Securities and Exchange Commission is investigating the Mormon Church’s past efforts to keep its giant investment portfolio a secret, a practice that ended after a former employee revealed in 2019 that the church had amassed $100 billion of holdings.
The SEC’s investigation has focused on whether the Church of Jesus Christ of Latter-day Saints, also known as LDS, complied with disclosure requirements for large money managers. It is at an advanced stage and is likely to lead to a settlement in the coming months, people familiar with the matter said.
The SEC historically has punished violations of money-manager reporting rules by levying fines. The size of the fine being sought by the SEC’s enforcement staff couldn’t be learned.
Seems to be the WSJ rushed the scoop without getting comments from Ensign Peak or Church leaders. A few days-old quotes related to Neilsen's 90-page senate submission earlier this week.
Will be interesting if Ensign Peak's settlement comes with forced admission of wrongdoing. I would imagine so, to avoid penalties associated with an enforcement action. The SEC is no joke when it dials up an enforcement process.