Olint has been ordered to cease taking any new clients, and to create a list of all clients by 5 February , which  will be placed under seal, pending the appellate decision. Should Olint lose the appeal, the FSC will take possession of the list.

The central issue is whether Olint, as a foreign exchange trader, is exempt from FSC regulation. The FSC has classified Olint's investments as securities, and has taken the position that it therefore should be regulated, because it allegedly issued investment contracts related to foreign currency trading activities, and reportedly provided investment advice, all without the required licenses.

This is a case of great public interest in Jamaica, as the FSC, a relatively new regulatory agency, is seeking to protect the investing public from what it deems unregulated securities. Some of the FSC's actions have met with strong opposition from the business community, and certain investors. 

OLINT, an acronym for the company's legal name, Overseas Locket International Corporation, is a Panamanian corporation.