Hasn't hit WSJ website yet. Will post link when it does.

https://www.wsj.com/articles/mormon-churchs-investment-arm-under-investigation-by-sec-dca77f9

The Securities and Exchange Commission is investigating the Mormon Church’s past efforts to keep its giant investment portfolio a secret, a practice that ended after a former employee revealed in 2019 that the church had amassed $100 billion of holdings.

The SEC’s investigation has focused on whether the Church of Jesus Christ of Latter-day Saints, also known as LDS, complied with disclosure requirements for large money managers. It is at an advanced stage and is likely to lead to a settlement in the coming months, people familiar with the matter said.

I wonder if the church will pay extra to get the government to sign an NDA?

This will play out like the Prop 8 campaign finance violations.

"The SEC has decided that some of our activities represented technical violations of informal guidelines and we have accordingly agreed to pay a nominal fine."