Sima Saran Ahuja | Bloomberg LawIn the Matter of Daxor Corp., SEC Initial Decision Release No. 428 (Aug. 31, 2001); Admin. Proceeding File No. 3-14055 The Securities and Exchange Commission (SEC) issued an initial decision against Daxor Corporation (Daxor) finding that Daxor is an investment company under Section 3(a)(1)(C) of the Investment Company Act of 1940 (Investment Company Act), and is not exempt from registration under Investment Company Act Section 3(b)(1). Accordingly, the SEC ordered Daxor to register under Section 8 of the Investment Company Act.
Daxor Is an Investment Company
— Investment Company Exemptions and the Tonopah Test
— Daxor Does Not Qualify for Exemption
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