HRS §485A-604.5
Extra fines for cheating seniors
This section lets the commissioner add a fine of up to $50,000 per violation when someone breaks securities laws against a person aged 62 or older. This extra fine is on top of other penalties. It does not apply to registered broker-dealers for one specific rule violation.
everyone
The statute, as written — Additional administrative penalties for securities violations committed against elders
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).
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