Exhibit 422

SEC Charges The Church of Jesus Christ of Latter-day Saints and Its Investment Management Company for Disclosure Failures and Misstated Filings (press release 2023-35)

Exhibit 422 · Press release

SEC Charges The Church of Jesus Christ of Latter-day Saints and Its Investment Management Company for Disclosure Failures and Misstated Filings (press release 2023-35)

The requirement to file timely and accurate information on Forms 13F applies to all institutional investment managers, including non-profit and charitable organizations.

The SEC press release accompanying the order. Enforcement Director Gurbir Grewal is quoted that the Form 13F requirement "applies to all institutional investment managers, including non-profit and charitable organizations."

Source: U.S. Securities and Exchange Commission
Date: 21 February 2023
Quoted from: Press release 2023-35, 21 Feb 2023, paragraph 3 (attributed to Gurbir S. Grewal, Director, Division of Enforcement)
Grade: Primary record
Document: https://www.sec.gov/news/press-release/2023-35
Accessed: 2026-11-09
Cited by: Findings citing this exhibit

Cited by

Finding REL-4.3: Primary record The SEC found that from 1997 through 2019 Ensign Peak Advisors, an integrated auxiliary of The Church of Jesus Christ of Latter-day Saints, did not file Forms 13F in its own name. The Church and Ensign Peak created thirteen LLCs for the sole purpose of filing the forms and preventing public disclosure of the Church's equity holdings, and the Church's senior leadership approved the approach.