Its decision is predicated on a philosophy that the fund declared back in the 1980s one that had decided to withdraw all investments from the then-racist South African regime.
Activists, who have turned to securities regulation as a tool for pressuring companies to withdraw from controversial investments, said this marks the first time the SEC has publicly singled out concerns over human rights, national security or religious freedom as a trigger for closer examination of a foreign firm's application to list its stock in U.S. markets.
Since they can't pay the bills with so little take-home pay, they'll need to withdraw a comparable amount of money from their taxable-investments accounts.