--- title: "Hawaii Blue Sky Laws: Securities Registration & Exemptions" description: "Hawaii blue sky laws under the Hawaii Uniform Securities Act are enforced by the Department of Commerce. Learn registration, exemptions, and compliance." canonical: "https://acquisitionstars.com/blue-sky-laws/hawaii" firm: "Acquisition Stars" practice: "M&A and securities law" office: "Novi, Michigan (serves clients nationwide)" contact: "consult@acquisitionstars.com | 248-266-2790" --- # Hawaii Blue Sky Laws HI Hawaii regulates securities under the Hawaii Uniform Securities Act, administered by the Securities Compliance Branch of the Department of Commerce and Consumer Affairs. Hawaii adopted the Uniform Securities Act and requires registration or exemption for all securities offered or sold in the state. [Request Engagement Assessment](https://acquisitionstars.com/consultation) Regulatory Overview **Selective M&A Practice** **Coordinates With Securities Counsel** Senior Counsel on Every Deal ![Donald Hateley, Of Counsel for securities law at Acquisition Stars](https://acquisitionstars.com/images/donald-hateley-headshot.webp) ## Donald Hateley Of Counsel, Securities Law | Acquisition Stars Donald Hateley serves as Of Counsel to Acquisition Stars for securities law matters. His background includes advising public and private companies on securities transactions, corporate finance, and corporate governance, including public and private equity and debt financings. Admitted to the California bar in 1993, he is a graduate of the University of Southern California Marshall School of Business and Southwestern Law School. [Request Engagement Assessment](https://acquisitionstars.com/consultation) ## Hawaii Securities Regulatory Overview Regulatory Body Hawaii Department of Commerce and Consumer Affairs, Securities Compliance Branch Primary Statute Hawaii Uniform Securities Act (HRS Chapter 485A) ### Registration Requirements Hawaii requires registration by coordination, qualification, or notice filing for federal covered securities. Reg D Rule 506 offerings require Form D notice filing. Filing fee is $100, due within 15 days of first sale to a Hawaii investor. ## Key Provisions of Hawaii Securities Law Understanding the core regulatory framework in Hawaii: 1 Securities must be registered before offer or sale unless exempt under HRS Chapter 485A 2 Hawaii adopted the Uniform Securities Act (2002) with state modifications 3 Anti-fraud provisions prohibit material misrepresentation and deceptive practices 4 The Commissioner has authority to investigate, issue subpoenas, and bring enforcement actions ## Available Exemptions in Hawaii Hawaii provides the following exemptions from full securities registration: - Federal covered securities (Reg D Rule 506, Reg A+ Tier 2, exchange-listed) with notice filing - Isolated nonissuer transactions - Sales to institutional investors (banks, insurance companies, pension funds) - Offers to not more than 10 persons in Hawaii during any 12-month period - Government securities ## Penalties for Non-Compliance in Hawaii Hawaii imposes civil penalties up to $10,000 per violation, criminal penalties including fines up to $5,000 and imprisonment up to 5 years, investor rescission rights, and administrative sanctions including cease-and-desist orders. ## How Hawaii Blue Sky Laws Affect Your Transaction M&A transactions involving Hawaii-based companies or shareholders require blue sky compliance when stock consideration is involved. Hawaii's geographic isolation and unique economy require specific attention to investor residency. Acquisition Stars works with securities counsel on notice filing for deals with Hawaii exposure. ### Need Help With a Hawaii Securities Transaction? Acquisition Stars handles M&A transactions nationwide and works with securities counsel on blue sky compliance and securities offerings. Senior attorney Alex Lubyansky provides direct counsel on every M&A engagement. We tell you who would handle your matter before any introduction, and you decide whether to proceed. [Request Engagement Assessment](https://acquisitionstars.com/consultation) [Call (248) 266-2790](tel:+1-248-266-2790) ### Need Help With a Hawaii Securities Transaction? Submit your transaction details for a preliminary assessment. We help with the M&A side of the transaction and work with securities counsel on multi-state filings for Reg D, Reg A+, and Reg CF offerings involving Hawaii. ## Frequently Asked Questions Common questions about Hawaii blue sky laws and securities compliance **What is Hawaii's Reg D filing fee?** Hawaii charges $100 for Reg D Rule 506 notice filings, due within 15 days of first sale. **Who regulates securities in Hawaii?** The Securities Compliance Branch of the Department of Commerce and Consumer Affairs enforces Hawaii's securities laws. **Does Hawaii conduct merit review?** Hawaii does not conduct merit review for Reg D Rule 506 offerings. Only notice filing is required for federal covered securities. ## Blue Sky Laws in Nearby States [California Blue Sky Laws CA](https://acquisitionstars.com/blue-sky-laws/california) [Alaska Blue Sky Laws AK](https://acquisitionstars.com/blue-sky-laws/alaska) [Washington Blue Sky Laws WA](https://acquisitionstars.com/blue-sky-laws/washington) [View all 50 state blue sky law guides →](https://acquisitionstars.com/blue-sky-laws) ## Related M&A Resources [Buying a Business Industry-specific buyer guides](https://acquisitionstars.com/buying-a-business) [Selling a Business Industry-specific seller guides](https://acquisitionstars.com/selling-a-business) [M&A Comparisons Deal structure decision guides](https://acquisitionstars.com/compare) [M&A Legal Services Full transaction counsel](https://acquisitionstars.com/services/mergers-acquisitions) ## Need Help With Securities Compliance in Hawaii? Our managing partner provides selective M&A counsel and works with securities counsel on transactions involving Hawaii blue sky law compliance. Submit your transaction details for a preliminary assessment. [Request Engagement Assessment](https://acquisitionstars.com/consultation) Selective M&A practice - Nationwide reach - Senior counsel on every deal --- Source: https://acquisitionstars.com/blue-sky-laws/hawaii Markdown version generated for machine readers. Canonical HTML at the source URL.