[...]
The [Church of Jesus Christ of Latter-day Saints] has agreed to pay $1 million and Ensign Peak [Advisors Inc.]  will pay $4 million in penalties based on the violation.
[...]
Federal investigators said for a period of 22 years, the firm violated agency rules and the Securities Exchange Act by not filing paperwork required that disclosed the value of its assets.

Instead, they said Ensign Peak filed the forms through 13 shell companies they created, even as they maintained decision-making power. They also had "business managers," most employed by the church, sign the required shell company filings.
[...]