Cash Plus complies
Alternative investment firm, Cash Plus Limited has agreed to comply with the requirements of the Financial Services Commission (FSC), to have its operations registered.
The decision followed today’s hearing in the Supreme Court.
Acting Solicitor General, Patrick Foster said while Cash Plus has agreed to comply with the requirements of the FSC, it has not admitted to conducting a securities business.
Last week Wednesday, the court granted a stay of the cease and desist order that was imposed on the investment club until a ruling was made at today’s hearing.