Haw. Code R. § 16-39-205 - Disqualification
(a) Any person who is disqualified by the SEC
from using any provision of the Securities Act, Regulation D,
17 CFR section
230.507, shall not qualify for any of the
exemptions under this subchapter.
(b) Any disqualification caused by this
section shall be automatically rescinded if the federal or state agency which
created the basis for disqualification determines upon a showing of good cause
that it is not necessary under the circumstances that the exemptions be
denied.
Notes
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