INSPECTOR
On July 30, 2008 the SEC fined Pax world Mutual Funds $5000,000 because it failed to follow its own socially responsible investing criteria.
I wonder why the SEC or Pax World has failed to mention the market timing issue as reported by the New Hampshire Business Review in the Pax World High Yield Fund? According to Pax World CEO Joe Keefe nothing the SEC investigated caused any financial harm to shareholders. Somebody is not telling the truth. Is it the SEC, Joe Keefe, or the New Hampshire Business Review?
I wonder why the SEC or Pax World has failed to mention the market timing issue as reported by the New Hampshire Business Review in the Pax World High Yield Fund? According to Pax World CEO Joe Keefe nothing the SEC investigated caused any financial harm to shareholders. Somebody is not telling the truth. Is it the SEC, Joe Keefe, or the New Hampshire Business Review?