SEC to Close Salt Lake City Office Amid Staffing Issues and High-Profile Failures

The closure follows attorney resignations over misconduct and a recent high-profile settlement with the LDS Church.

The SEC's Salt Lake City office will close later this year due to significant staff attrition.
Two attorneys resigned after being sanctioned for presenting misleading evidence in a cryptocurrency fraud case.
The office recently secured a $5 million settlement with The Church of Jesus Christ of Latter-day Saints over investment disclosures.
The Denver office will handle future securities enforcement in Utah.
The Salt Lake City office was originally opened in response to uranium stock scams in the 1950s.