Did the LDS church get fined by the SEC?
Asked by: Otha Hermiston | Last update: June 25, 2026Score: 4.8/5 (4 votes)
In February 2023, the SEC fined The Church of Jesus Christ of Latter-day Saints and its investment manager, Ensign Peak Advisers, a total of $5 million ($4M for Ensign, $1M for the Church) for failing to disclose the size of the church's $32-billion stock portfolio. They used shell companies to hide these assets between 1997 and 2019.
Why did the SEC fine the Mormon church?
On February 21, 2023, the United States Securities and Exchange Commission (SEC) charged the Church of Jesus Christ of Latter-day Saints (LDS Church) and its non-profit investment arm, Ensign Peak Advisors (EP), for failing to disclose the LDS Church's investments, and instead creating shell companies whose purpose was ...
What did Tom Hanks say about the Mormons?
In 2009, Tom Hanks apologized for calling Mormon supporters of California's Proposition 8 (a ban on same-sex marriage) "un-American," stating that while he disagreed with their position, everyone has a right to vote their conscience. He later clarified his respect for opposing viewpoints and recognized his comments were made in haste.
Who is the LDS billionaire apostle?
Gary E. Stevenson, a member of the Quorum of the Twelve Apostles of The Church of Jesus Christ of Latter-day Saints since 2015, is often cited in discussions regarding wealth among church leadership. Before his full-time church service, he co-founded and led iFIT Health & Fitness (formerly ICON Health & Fitness), a major exercise equipment manufacturer.
Is Tom Brady a member of the LDS Church?
However, the former Brigham University Football player isn't the only Latter-day Saint Brady knows. His trainer and close friend Alex Guerrero is also a member of The Church. Although he does not claimed to follow a specific religion, Brady has made spiritual comments in the past.
LDS Church fined over SEC charge it used shell corporations to hide billions
Has Julie Hanks left the LDS Church?
Yes, licensed therapist and author Dr. Julie Hanks announced in July 2025 that she has stepped away from active membership in The Church of Jesus Christ of Latter-day Saints. This decision followed a "calling in" by her stake president regarding her online content, which she was told constituted apostasy.
Which religion is declining the fastest in the US?
Christianity is experiencing the fastest decline among major religions in the U.S., with its share of the population falling from 78% in 2007 to roughly 62% in 2024, according to Pew Research Center. Within Christianity, mainline Protestantism has seen the steepest drop, while the number of religiously unaffiliated people (nones) has surged.
Why did Ryan Gosling leave the LDS Church?
Ryan Gosling grew up in a strict, devoutly Mormon household in Canada but didn't personally connect with the faith, later stating, "I grew up Mormon. I wasn't really Mormon; my parents were". He distanced himself from the church as his parents' marriage ended and he did not follow its doctrines.
What billionaire resigns from the LDS Church?
A billionaire from Utah, Jeff T. Green, said he was resigning this week from the Church of Jesus Christ of Latter-day Saints in an unusually high-profile rebuke of the church's wealth and position on social issues.
What is Brad Pitt's religious belief?
Brad Pitt's religious beliefs have evolved from a strict Southern Baptist upbringing to a more personal, spiritual outlook, moving away from atheism. He has described his current view as a "belief in that we're all connected," often expressing a sense of peace with spirituality rather than traditional, organized religion, which he previously found "stifling".
Why can't LDS drink green tea?
Members of The Church of Jesus Christ of Latter-day Saints do not drink green tea because it is derived from the Camellia sinensis plant, which makes it a "tea" forbidden by the Word of Wisdom, a health code interpreted to prohibit black, green, and other traditional teas. It is considered a "hot drink" as defined by church leadership.
How much of Coca-Cola is owned by the LDS Church?
Of the 30 companies that comprise the Dow Jones Industrial Average, Coca-Cola is the only one Ensign Peak Advisors did not invest in. The fund didn't own stock in soda makers PepsiCo or Keurig Dr Pepper, either. Caffeinated sodas are not part of the church's health code, known as the Word of Wisdom.
What is the most controversial Mormon belief?
The most controversial Mormon belief is historically and traditionally polygamy (plural marriage), which was publicly renounced by the Church of Jesus Christ of Latter-day Saints (LDS) in 1890 but remains a divisive, lingering issue. Other major controversies include the theological concept of human deification (humans becoming Gods) and historical racial restrictions regarding the priesthood.
Is Kyle van Noy LDS?
Yes, NFL linebacker Kyle Van Noy is a member of The Church of Jesus Christ of Latter-day Saints (often referred to as the LDS or Mormon church). He was adopted as an infant through LDS Family Services and raised in a devoted LDS household. Van Noy played college football at Brigham Young University (BYU) and is open about his faith.
What religion is Snoop Dogg?
Snoop Dogg identifies as a born-again Christian. He publicly announced this shift, moving away from his previous,000 lifestyle to focus on faith, which included releasing a gospel album, Bible of Love, in 2018. He has stated that this faith has changed how he treats others and responds to hate.
What NFL QB is Mormon?
Several notable NFL quarterbacks have been members of The Church of Jesus Christ of Latter-day Saints ("Mormons"), with Hall of Famer Steve Young being the most prominent. Current or recent players and prospects associated with the faith include Jaxson Dart, Jaren Hall, and former player Gifford Nielsen.
What are the two unforgivable sins in the LDS?
Those guilty of committing the unpardonable sin of denying the Holy Ghost and the unforgivable sin of shedding innocent blood must face the justice of God. They must pay the full demands of justice.