Brent Baker Quoted in The Salt Lake Tribune

June, 2024 - Los Angeles, California

LDS Church as venture capitalist: Here's a glimpse into where it invests in innovation

June 3, 2024

By: Ethan Gregory Dodge

As The Church of Jesus Christ of Latter-day Saints oversees its major holdings in U.S. stocks and mutual funds, filings show, it spreads billions of dollars across industries from Big Tech to real estate, from health care and banking to consumer goods.

A private company that plans to sell public stocks in the United States must file a prospectus to register them with the SEC, explains Salt Lake City-based securities attorney Brent R. Baker. The prospectus, otherwise known as an S-1 filing, discloses the company’s financial obligations and, typically, its investors.

Baker works for the business law firm Buchalter, which has offices across the western United States. Baker previously spent 15 years as special counsel at the SEC investigating and prosecuting securities violations.

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