Independent watchdog group says Ensign Peak Advisors failed to report large stakes in publicly traded stocks at least seven times.
That behavior — which regulators say effectively let Ensign Peak avoid attention by evading a $100 million reporting threshold on its holdings — led to aThose same securities laws enforced by the SEC also require that institutional investors report — through filings under what is known asin which the combined shares held by Ensign Peak in a handful of public stocks through those shell LLCs exceeded that 5% threshold — without the firm filing 13G forms.
“The SEC,” a spokesperson told The Salt Lake Tribune, “does not comment on the existence or nonexistence of a possible investigation.”, launched in 2021, is produced by a cadre of unnamed current and former church members with professional backgrounds in business, finance, law, real estate, education, data science and related fields.
The site pointed to another stock, Rio Vista Energy, for which Ensign Peak did file Schedule 13Gs under its own name in 2009. The Rio Vista filings, it said, “demonstrate that Ensign Peak knew how to comply with SEC disclosure obligations.”
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