Hawaii Revised Statutes 485A-604.5 – Additional administrative penalties for securities violations committed against elders
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Terms Used In Hawaii Revised Statutes 485A-604.5
- Commissioner: means the commissioner of securities of this State. See Hawaii Revised Statutes 485A-102
- Person: means an individual; corporation; business trust; estate; trust; partnership; limited liability company; association; joint venture; government; governmental subdivision, agency, or instrumentality; public corporation; or any other legal or commercial entity. See Hawaii Revised Statutes 485A-102
If a person commits a violation under this chapter and the violation is directed toward, targets, or is committed against a person who at the time of the violation is sixty-two years of age or older, the commissioner, in addition to any other administrative penalty, may impose an administrative penalty not to exceed $50,000 for each violation; provided that this section shall not apply to registered broker-dealers for violations of [section] 485A-412(d)(9).