EcoGEOS > SEC Charges Mutual Fund Manager for Violating Socially Responsible ...

Accountability Central[Accountability Central] According to the SEC's order, Pax World violated the Funds' SRI restrictions by making purchases in the securities of companies that derived revenue from the manufacture of alcohol or gambling products, derived more than 5 percent of their revenue from contracts with the U.S. Department of Defense, or failed to satisfy the Funds' environmental or labor standards. Pax World Funds held at least one security that violated their SRI restrictions at all times from 2001 through early 2006.

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Dirt Diggers Digest[Dirt Diggers Digest] SRI Firm Now has Blemish On Its Own Record: It is unclear from the SEC filing whether someone at Pax deliberately added those stocks (which are not identified) to its portfolios or did so through sloppiness. The SEC also charged that until 2004 Pax did not continuously monitor fund portfolios for compliance with their SRI criteria.

What Went Wrong[What Went Wrong] SEC Finds MF Manager "Socially Ir-responsible": Several socially responsible MF's - including the Pax World Growth Fund and Pax World High Yield Fund - purchased at least 10 securities that the funds were prohibited from buying. A company is on the restrict list when more than 5% of their revenue is derived from contracts with the U.S. Dept of Defense, or the company failed to satisfy the Funds' environmental or labor standards. 

A Few Dollars Morehttp://afewdollarsmore.com/?p=113 [A Few Dollars More] Where Have All the Flowers Gone?: Overall, Socially Responsible Investing has taken its share of losses in 2008 but has faired no worse than the rest of the market. That runs contrary to its detractors who believe SRI, the investment strategy of combining financial .

Make a Wise Investment[Make a Wise Investment] What are SRI funds?: Pax world - Pax worlds funds were among the first, if not the first socially responsible Mutual funds. Luther Tyson and Jack Corbett Launched the Pax World fund, on August 10, 1971, the fund was launched with $101,000 in assets and created the first broadly diversified, publicly available mutual fund to use social as well as financial criteria in its investment decisions.

Free Credit Report & Credit Repair, Debt Consolidation, Personal loans[Free Credit Report & Credit Repair, Debt Consolidation, Personal loans] Socially Responsible Investing Funds In The Stock Market: The FTSE4 good index has been in operation since 2001, and it lists companies which fit the criteria for a socially responsible organization. This index is a tradable one, which investors can use as a guideline for investment in this type of company, and it is a series which makes these funds available to people who are interested in this particular type of investment.

Make a Wise Investment[Make a Wise Investment] What is SRI?: This first step is what most people think of when they think of socially responsible Investing. It is the concept of excluding or including companies on the basis of social, ethical or environmental criteria, but it may also involve giving preference to including companies with strong positive features that support your belief.

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