Operations Management

Jim, John and Mary are entrepreneurs who are interested in forming a Cambio business, they have not incorporated the business as yet but wish to do so as soon as possible. They have encountered several setbacks of obtaining the relevant regulatory approvals and decide they are going to go ahead and operate a cambio without the relevant regulatory approvals or incorporating the business.

The regulator has since become aware of the activities of Jim, John and Mary and have decided to report them to the Financial Investigation Division.

Jim, John and Mary hire you as their legal advisor.

1. Identify the issue/legal problem in the case study. 3 marks

2. Examine the appropriate legislation/regulations relevant to the case study. 4 marks

3. Analyze the findings surrounding the legal issues/problems. 6 marks

4. Recommend strategies to resolve the legal issues/problems. 8 marks