The Securities and Exchange Commission (SEC) has launched an investigation into efforts by the Church of Jesus Christ of Latter-day Saints to keep its investment portfolio, believed to be worth billions of dollars, secret. The Wall Street Journal, citing people familiar with the matter, reported Friday the SEC's investigation has focused on whether the church, widely known as the Mormon church, complied with disclosure requirements for large money managers. The Journal reported the investigation is at an advanced stage and is likely to lead to a settlement in the coming months.
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