HAR §16-39-402
HAR §16-39-402. Eligibility requirements
Cite as Haw. Code R. § 16-39-402
(a) An
applicant, if a natural person, shall have attained
the age of eighteen years.
(b)
A broker-dealer that is a foreign business
entity that intends to establish a branch office in
this State shall, in addition to the requirements
under this chapter and chapter 485A, HRS, comply with
the requirements of this State's business registration
laws, as applicable.
(c)
An applicant, except an applicant that is
registered as a broker or dealer under the Securities
Exchange Act, shall have a minimum net capital of not
less than $5,000 and comply with the requirements of
section 16-39-404(b).
(d)
A partner or an officer of a registered
broker-dealer or issuer may engage in the capacity of
an agent only if that person has been duly registered
as provided under this chapter and chapter 485A, HRS.
[Eff 6/30/08; comp 11/18/23] (Auth: HRS §485A-606)
(Imp: HRS §§485A-401, 485A-406)