HAR §16-39-501. is amended

11. Chapter 39 is compiled. 39-1 HAWAII ADMINISTRATIVE RULES TITLE 16 DEPARTMENT OF COMMERCE AND CONSUMER AFFAIRS CHAPTER 39 SECURITIES Subchapter 1 General Provisions §16-39-101 Definitions §16-39-102 Filing §16-39-103 Fees §16-39-104 Forms §16-39-105 Action on documents submitted to the commissioner; extension §16-39-106 Fines and penalties Subchapter 2 Exempt Transactions and Notice Filing Requirements for Federal Covered Securities A. Exempt Transactions §16-39-201 Limitation on issuers and offerors §16-39-202 Exemptions §16-39-203 Notice filing §16-39-204 Application for residential cooperative corporations §16-39-205 Disqualification 39-2 B. Notice Filing for Federal Covered Securities §16-39-220 Notice filing for investment company securities §16-39-221 Notice filing for transactions under the Securities Act, Regulation D, 17 CFR section 230.506 Subchapter 3 Registration of Securities A. Registration of Securities, Prospectus §16-39-301 Registration of securities §16-39-302 Prospectus B. Statements of Policy Relating to Registration of Securities §16-39-310 Registration of securities by qualification §16-39-311 Financial reports §16-39-312 Maximum commissions and expenses §16-39-313 Offering price §16-39-314 Compliance with Hawaii business registration law §16-39-315 NASAA statements of policy for registration of securities C. Effectiveness and Post-Effectiveness Requirements §16-39-330 Effectiveness §16-39-331 Confirmations by issuer §16-39-332 Amendments §16-39-333 Renewals §16-39-334 Withdrawal, termination, or completion 39-3 D. Advertising and Financial Reports §16-39-340 Advertising §16-39-341 Reports E. Small Company Offerings Registration §16-39-350 Purpose §16-39-351 Application of this chapter to SCOR registrations §16-39-352 Availability §16-39-353 Disqualification from use of SCOR registration §16-39-354 Agreement by registrant on splits and dividends of stock or ownership interests §16-39-355 Documents to be filed for SCOR registration Subchapter 4 Registration of Broker-Dealers, Agents, Investment Advisers, and Investment Adviser Representatives A. Broker-Dealers §16-39-401 Registration; generally §16-39-402 Eligibility requirements §16-39-403 Application §16-39-404 Financial requirements §16-39-405 Sales of securities at financial institutions §16-39-406 Books and records §16-39-407 Post-effective requirements; registration of successor broker-dealer §16-39-408 Expiration, renewal, termination of registration 39-4 B. Agents §16-39-420 Registration; generally §16-39-421 Eligibility requirements §16-39-422 Application §16-39-423 Examination requirements §16-39-424 Post-effective requirements §16-39-425 Expiration, renewal, termination of registration C. Investment Advisers §16-39-430 Registration; generally §16-39-431 Notice filing for federal covered investment advisers §16-39-432 Eligibility requirements §16-39-433 Financial requirements §16-39-434 Bonding requirements for certain investment advisers §16-39-435 Application §16-39-436 Custody of client funds or securities by investment advisers §16-39-437 Annual financial reporting requirements §16-39-438 Examination requirements §16-39-439 Disclosure statements §16-39-440 Post-effective requirements §16-39-441 Expiration, renewal, termination of registration §16-39-442 Books and records D. Investment Adviser Representatives §16-39-450 Registration; generally §16-39-451 Eligibility requirements §16-39-452 Application §16-39-453 Examination requirements §16-39-454 Post-effective requirements §16-39-454.5 Continuing education requirements 39-5 §16-39-455 Expiration, renewal, termination of registration E. Denial of Application; Suspension and Revocation of Registration of Broker-Dealers, Agents, Investment Advisers, and Investment Adviser Representatives §16-39-470 Denial; suspension and revocation Subchapter 5 Fraudulent Practices of Broker- Dealers, Broker-Dealer Agents, and Agents of an Issuer §16-39-501 Fraudulent practices of broker-dealers, broker-dealer agents, and agents of an issuer Historical Note: These new rules implement the new securities laws that become effective on July 1, 2008. In 2006, the Legislature passed Act 229, which established the new Hawaii Uniform Securities Act in HRS chapter 485A. Act 229 also repealed the old securities laws in HRS chapter 485 on June 30, 2008. Because these old securities laws are being repealed, their corresponding administrative rules in HAR chapter 16-38 are also repealed. However, this chapter is based substantially upon chapter 16-38. [Eff 6/4/70; am 1/1/71; 7/30/81; am 11/5/81; am and comp 10/12/85; am 4/4/87; am and com 4/14/03; R 6/30/08; comp 11/18/23] §16-39-101 39-6 SUBCHAPTER 1 GENERAL PROVISIONS