Cayman Islands: Privy Council upholds Court of Appeal Decision on CIMA powers
Select Vantage Inc. is a Cayman Islands registered exempt company operating as a proprietary trading firm, which currently supports its 2000+ global traders that operate in 75 countries, with its own software, technology and offices in 5 countries. Select Vantage Inc. is not a licensee of CIMA and was under the investigation of the Australian Securities and Investments Commission (ASIC) for potential market manipulation in the Australian capital markets.
CIMA’s Managing Director, Mrs. Cindy Scotland said, “This decision by the Privy Council effectively affirms CIMA’s powers to require information and documents in response to a proper request from an overseas regulatory authority whether the company or companies involved are licensed by CIMA or not.”
Select Vantage Inc. is part of a group of companies collectively referred to as the Select Vantage Group.
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