At issue is whether the church’s investment firm heeded the disclosure rules for large money managers. Fines often result from such violations
that the federal probe is actually in an “advanced stage” and, its sources say, is expected to spur a settlement within months.
At issue is whether the church’s investment firm heeded the disclosure rules for large money managers. Fines often result for such violations.the newspaper states, adding that “the agency sometimes closes investigations, even those that have reached an advanced stage, without taking formal enforcement action.”
To date, the IRS has taken no public action against the church since receiving that 2019 complaint. It’s unclear if the Senate panel will take up the topic. The SEC news, however, represents the first public indication that the church’s investment firm is under federal investigation. Declining to address any SEC inquiry, church spokesperson Doug Andersen told The Salt Lake Tribune early Saturday that the global faith “works with many government regulators to ensure we are in compliance with the law. We take those responsibilities very seriously.”The enduring drama surrounding the nearly 17 million-member global faith’s wealth exploded into the headlines in
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