Church comments on SEC settlement

[MG 2.0]

damned MG. Here’s the whole para:

To prevent disclosure of the securities portfolio managed by Ensign Peak, the Church approved Ensign Peak’s plan of using other entities, instead of Ensign Peak, to file Forms 13F. The Church was concerned that disclosure of the assets in the name of Ensign Peak, a known Church affiliate, would lead to negative consequences in light of the size of the Church’s portfolio. Ensign Peak did not have the authority to implement this approach without the approval of the Church’s First Presidency.

Dishonesty is baked into Mormonism. Top to bottom. Prophet to shilling idiot.

- Doc

I have no problem with you quoting the whole section that you’ve posted.

Regards,
MG

[Doctor CamNC4Me]

Notice dopey MG tries to shift blame for his post to Jesus Christ himself! You can’t make this up.

Also, Dr. Steuss. That’ll never happen. MG only claims to read, but he doesn’t read. This is a well-established fact. He can handle little exchanges, but anything that actually requires more than a paragraph isn’t happening. How many times has he posted sources that contradict the point he believed he was making, because he never actually read his sources? Two decades of this bozo shilling for his corporate overlords, and if there’s one thing you can take to the bank is that MG doesn’t read - he skims, at best, and he certainly doesn’t damned read source material.

- Doc

Jesus taught about the wheat and the chaff. I’m simply making application to what might be happening in today’s world with those that stay in the church vs. leave.

Think what you will in regards to how much or how thoroughly I’ve read. I can’t stop you from pointing accusing fingers.

Regards,
MG

Yeah, no crap. You were and are talking about people, and you yourself used the term “chaff.” Good Lord, do you ever take responsibility for yourself? And on top of it you’re shilling for men who robbed you blind and hid their deeds from you. You’re a muppet, and the COB has their hand firmly up your backside.

- Doc

[Doctor Steuss]

27. Each Form 13F filed in the name of a Clone LLC misstated that the LLC had sole
investment discretion for the securities listed, that there were no other managers for these
securities, and that the Clone LLC had sole voting discretion over these securities. Even though the
IMAs stated that Ensign Peak had delegated investment discretion, Ensign Peak continued to
manage the entire portfolio and at all times maintained investment and voting discretion over all
the securities listed in the Forms 13F.
28. Each Form 13F was signed by the designated Business Manager. The signature
page stated, “The institutional investment manager filing this report and the person by whom it is
signed hereby represent . . . that all information contained herein is true, correct and complete[.]”
However, Ensign Peak provided the Business Managers with insufficient information about the
Clone LLCs or the securities assigned to them that would enable the Business Managers to make
this representation. When Ensign Peak obtained the Business Managers’ signatures for the Forms
13F, Ensign Peak gave the Business Managers only the signature pages of the Forms 13F and not
the complete documents. In addition, the Forms 13F were often filed with electronic signatures
before Ensign Peak actually obtained the Business Managers’ handwritten signatures.
29. Each Form 13F also misstated that the Business Manager signed the Form 13F
from the address listed on the signature page. In fact, all Business Managers were located in Salt
Lake City, and the addresses on the forms were used to convey the impression that the Clone LLCs
were located across the country

It's so difficult approaching any meaningful conversation when there's no common ground on basic ethics and morals.

This level of blatant, calculated, and perpetual dishonesty is anything but "benign."

[MG 2.0]

Jesus taught about the wheat and the chaff. I’m simply making application to what might be happening in today’s world with those that stay in the church vs. leave.

Think what you will in regards to how much or how thoroughly I’ve read. I can’t stop you from pointing accusing fingers.

Regards,
MG

Yeah, no crap. You were and are talking about people, and you yourself used the term “chaff.” Good Lord, do you ever take responsibility for yourself? And on top of it you’re shilling for men who robbed you blind and hid their deeds from you. You’re a muppet, and the COB has their hand firmly up your backside.

- Doc

Think what you will.

Regards,
MG

[Doctor CamNC4Me]

damned MG. Here’s the whole para:



Dishonesty is baked into Mormonism. Top to bottom. Prophet to shilling idiot.

- Doc

I have no problem with you quoting the whole section that you’ve posted.

Regards,
MG

You should’ve done that in the first place, but we also can see plainly why you chose to only quote the bit you did. It’s because you’re a dopey muppet shill. Gross.

- Doc

[MG 2.0]

I have no problem with you quoting the whole section that you’ve posted.

Regards,
MG

You should’ve done that in the first place, but we also can see plainly why you chose to only quote the bit you did. It’s because you’re a dopey muppet shill. Gross.

- Doc

No. It was to show that there wasn’t some kind of nefarious intent. That the Brethren’s motivations were benign in respect to the members of the church.

Earlier someone said that their motivation is all about profits.

I then asked “why”.

No answer was forthcoming.

The prevailing opinion here is that there was some kind of evil intent or motivation involved in this whole thing.

I again would ask, why?

Simple and raw power and dominion? I really don’t think so. I think the actual reasoning was given in my earlier quote from Roger Clarke.

Regards,
MG

[MG 2.0]

…you’re a dopey muppet shill.

Think what you will.

Regards,
MG

[malkie]

27. Each Form 13F filed in the name of a Clone LLC misstated that the LLC had sole
investment discretion for the securities listed, that there were no other managers for these
securities, and that the Clone LLC had sole voting discretion over these securities. Even though the
IMAs stated that Ensign Peak had delegated investment discretion, Ensign Peak continued to
manage the entire portfolio and at all times maintained investment and voting discretion over all
the securities listed in the Forms 13F.
28. Each Form 13F was signed by the designated Business Manager. The signature
page stated, “The institutional investment manager filing this report and the person by whom it is
signed hereby represent . . . that all information contained herein is true, correct and complete[.]”
However, Ensign Peak provided the Business Managers with insufficient information about the
Clone LLCs or the securities assigned to them that would enable the Business Managers to make
this representation. When Ensign Peak obtained the Business Managers’ signatures for the Forms
13F, Ensign Peak gave the Business Managers only the signature pages of the Forms 13F and not
the complete documents. In addition, the Forms 13F were often filed with electronic signatures
before Ensign Peak actually obtained the Business Managers’ handwritten signatures.
29. Each Form 13F also misstated that the Business Manager signed the Form 13F
from the address listed on the signature page. In fact, all Business Managers were located in Salt
Lake City, and the addresses on the forms were used to convey the impression that the Clone LLCs
were located across the country

It's so difficult approaching any meaningful conversation when there's no common ground on basic ethics and morals.

This level of blatant, calculated, and perpetual dishonesty is anything but "benign."

We have worked with the SEC for years to come to this settlement.

So, apparently when presented with evidence of an issue with the structuring of the entities, the church - or, rather, the First Presidency - did not immediately come clean and fix the problem.

Am I reading this correctly?

[Morley]

Jesus taught about the wheat and the chaff. I’m simply making application to what might be happening in today’s world with those that stay in the church vs. leave.

Think what you will in regards to how much or how thoroughly I’ve read. I can’t stop you from pointing accusing fingers.

I want to sincerely thank you for being here to represent the Church, MG. They could not have a more appropriate spokesperson. You truly mirror the full level of morality, empathy, and intellectual rigor found in The Church of Jesus Christ of Latter-day Saints.

[Doctor CamNC4Me]

It's so difficult approaching any meaningful conversation when there's no common ground on basic ethics and morals.

This level of blatant, calculated, and perpetual dishonesty is anything but "benign."

We have worked with the SEC for years to come to this settlement.

So, apparently when presented with evidence of an issue with the structuring of the entities, the church - or, rather, the First Presidency - did not immediately come clean and fix the problem.

Am I reading this correctly?

Lay not up for yourselves treasures upon earth, where moth and rust doth corrupt, and where thieves break through and steal: But lay up for yourselves treasures in heaven, where neither moth nor rust doth corrupt, and where thieves do not break through nor steal: For where your treasure is, there will your heart be also.

Not that that scripture will move the needle for anyone …

- Doc