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In this paper we study the existence and compactness of positive solutions to a family of conformally invariant equations on closed locally conformally flat manifolds. The family of conformally covariant operators were introduced via the scattering theory for Poincar'{e} metrics associated with a conformal manifold . We prove that, on a closed and locally conformally flat manifold with Poincar'{e} exponent less than $\frac {n-\alpha}2\alpha \in [2, n)$, the set of positive smooth solutions to the equation is compact in the topology. Therefore the existence of positive solutions follows from the existence of Yamabe metrics and a degree theory.

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