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HRS §485A-603

Civil enforcement

This section lets the state securities commissioner go to court to stop violations of securities law and get court orders to fix them. It explains what the court can do, like freezing assets, appointing a receiver, or imposing penalties. The commissioner does not have to pay a bond, and can subpoena people and records.

everyone

The statute, as written — Civil enforcement

(a) If the commissioner believes that a person has engaged, is engaging, or is about to engage in an act, practice, or course of business constituting a violation of this chapter or a rule adopted or order issued under this chapter or that a person has, is, or is about to engage in an act, practice, or course of business that materially aids a violation of this chapter or a rule adopted or order issued under this chapter, the commissioner may maintain an action in a court of competent jurisdiction to enjoin the act, practice, or course of business, and to enforce compliance with this chapter or a rule adopted or order issued under this chapter. (b) In an action under this section and on a proper showing, the court may: (1) Issue a permanent or temporary injunction, restraining order, or declaratory judgment; (2) Order other appropriate or ancillary relief, which may include: (A) An asset freeze, accounting, writ of attachment, writ of general or specific execution, and appointment of a receiver or conservator, that may be the commissioner, for the defendant or the defendant's assets; (B) Ordering the commissioner to take charge and control of a defendant's property, including investment accounts and accounts in a depository institution, rents, and profits; to collect debts; and to acquire and dispose of property; (C) Imposing a civil penalty up to $50,000 for a single violation; (D) Ordering rescission, restitution, or disgorgement directed to a person that has engaged in an act, practice, or course of business constituting a violation of this chapter or the predecessor act or a rule adopted or order issued under this chapter or the predecessor act; and (E) The payment of prejudgment and postjudgment interest; (3) Order the payment of costs and reasonable attorney's fees; and (4) Order such other relief as the court considers appropriate. (c) The commissioner shall not be required to post a bond in an action or proceeding under this chapter. (d) In an action under this section, the commissioner may apply for and on due showing be entitled to have issued by the court, a subpoena requiring forthwith the appearance of any defendant and the defendant's employees, salespersons, or agents and the production of documents, books, and records as may appear necessary for the hearing of such petition to testify and give evidence concerning the acts or conduct or things complained of in the application for the injunction.
Read the official text at capitol.hawaii.gov ↗as published Jan 6, 2026our copy taken Aug 20, 2026

LawTrove is not legal advice. The summary above is a computer-generated restatement — the authoritative text is the official version linked above.