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DEPARTMENT OF COMMERCE AND CONSUMER AFFAIRS  DAVID Y. IGE GOVERNOR CATHERINE P. AWAKUNI COLÓN DIRECTOR TY Y. NOHARA SECURITIES COMMISSIONER  FOR IMMEDIATE RELEASE Dec. 26, 2019 High School Teams to Compete in the 2020 HawaiiLifeSmarts State Competition HONOLULU – The Department of Commerce and Consumer Affairs (DCCA) Office of the Securities Commissioner and Insurance Division ...
Read More RELEASE: High School Teams to Compete in the 2020 Hawaii LifeSmarts State Competition

DEPARTMENT OF COMMERCE AND CONSUMER AFFAIRS DAVID Y. IGE GOVERNOR CATHERINE P. AWAKUNI COLÓN DIRECTOR TY Y. NOHARA SECURITIES COMMISSIONER FOR IMMEDIATE RELEASE December 9, 2019 Securities Commissioner Orders Cease and Desist Against Sheila Turner-Souza, Burt L. “Coach” Souza, and Their Affiliated Companies Alleges Turner-Souza, Souza, Rich’s Daily Grinds & Bagel Co., LLC, and Rich’s ...
Read More RELEASE: Securities Commissioner Orders Cease and Desist Against Sheila Turner-Souza, Burt L. “Coach” Souza, and Their Affiliated Companies

December 2019

Posted on Dec 1, 2019 in Commissioner's Corner

TIP: Investment scams can take many forms—and fraudsters can turn on a dime when it comes to developing new pitches for the latest scam. Though the wrapper or hook might change, the most common securities frauds tend to fall into the same general schemes. Check out this InvestorAlert piece from FINRA to help protect your ...
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November 2019

Posted on Nov 1, 2019 in Commissioner's Corner

TIP: Are you a senior investor with questions about your brokerage account statement or an investment in a brokerage account?  Are you concerned that your account may have been mishandled by a broker? To help you with these and other investment-related questions, FINRA provides the Securities Helpline for Seniors, call 884-57-HELPS Monday to Friday 9 ...
Read More November 2019

October 2019

Posted on Oct 1, 2019 in Commissioner's Corner

TIP: Advance fee fraud ask investors to pay a fee up front – in advance of receiving any proceeds, money, stock or warrants – in order for the deal to go through. These schemes may involve the sale of products or services, the offering of investments, lottery winnings, found money, or many other so-called opportunities. ...
Read More October 2019

DEPARTMENT OF COMMERCE AND CONSUMER AFFAIRS DAVID Y. IGE GOVERNOR CATHERINE P. AWAKUNI COLÓN DIRECTOR TY Y. NOHARA SECURITIES COMMISSIONER FOR IMMEDIATE RELEASE September 9, 2019 Registration Open for 2019-2020 Hawaii LifeSmarts Competition HONOLULU – The Department of Commerce and Consumer Affairs (DCCA) Office of the Securities Commissioner invites teams to participate in the 2019-2020 ...
Read More RELEASE: Registration Open for 2019-2020 Hawaii LifeSmarts Competition

September 2019

Posted on Sep 1, 2019 in Commissioner's Corner

  TIP: Cryptocurrencies are digital assets created by companies or individuals that take the form of a virtual coin or token. Cryptocurrencies are intangible and exist only on the internet. Central banks and other governmental authorities do not insure or control cryptocurrencies. Before you jump into the crypto craze, be mindful that cryptocurrencies and related financial ...
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August 2019

Posted on Aug 1, 2019 in Commissioner's Corner

TIP: Ask Questions! That’s the best advice we can give you about how to invest wisely. Many investors can avoid trouble and losses if they ask basic questions from the start. We encourage you to thoroughly evaluate the background of any financial professional with whom you intend to do business—before you hand over your hard-earned ...
Read More August 2019

July 2019

Posted on Jul 1, 2019 in Commissioner's Corner

TIP: If someone is selling you securities or advising you on your investments, that person and company should be registered. Contact the Office of the Securities Commissioner at (808)586-2722, to see if your professional is registered. When you call please have the name of the firm and the individual’s first and last name and middle ...
Read More July 2019