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| The Securities and Exchange Commission fined the Church of Jesus Christ of Latter-day Saints, pictured here in 2018, $5 million for hiding a huge investment fund. |
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The Church of Jesus Christ of Latter-day Saints and its investment manager will pay a $5 million fine after reportedly using shell companies to obscure the church's portfolio — worth over $30 billion — and misstating an investment firm's control over the churches investment decisions.
