Defendant Name: Asset Management Group of Bank of Hawaii

Defendant Type: Subsidiary of Public Company
Public Company Parent: Bank of Hawaii Corporation
SIC Code: 6022
CUSIP: 06254010

Initial Case Details

Legal Case Name In the Matter of Asset Management Group Of Bank of Hawaii
First Document Date 15-Sep-2022
Initial Filing Format Administrative Action
File Number 3-21080
Allegation Type Municipal Securities & Public Pensions

Violations Alleged

Other
• Section 206(4) Advisers Act; Rule 206(4)-5 Advisers Act

Resolutions

First Resolution Date 15-Sep-2022
Headline Total Penalty and Disgorgement $45,000

Related Documents:

IA-6127 15-Sep-2022 Administrative Proceeding
Order Instituting Administrative Cease-and-Desist Proceedings Pursuant to Sections 203(e) and 203(k) of the Investment Advisers Act of 1940, Making Findings, and Imposing Remedial Sanctions and a Cease-and-Desist Order
On September 15, 2022, the SEC instituted administrative and cease-and-desist proceedings against Asset Management Group of Bank of Hawaii, stating: "These proceedings involve violations of the Commission’s “pay-to-play” rule for investment advisers by Respondent Asset Management Group, an investment adviser."
IA-6127-s 15-Sep-2022 Administrative Summary
SEC Charges Four Investment Advisers for Pay-to-Play Violations Involving Campaign Contributions
The SEC stated that: "[It] charged Asset Management Group of Bank of Hawaii . . . for violating the SEC's pay-to-play rule for investment advisers"