This Policy Statement implements procedures to deter the misuse of material, nonpublic information in securities transactions. The Policy Statement applies to securities trading and information handling by directors, officers and employees of the company (including spouses, minor children and adult members of their households).
What are Hawaii Policies and Procedures Designed to Detect and Prevent Insider Trading? Insider trading is a serious financial crime that can have a detrimental impact on the fairness and integrity of the securities market. To combat this illegal activity, Hawaii has implemented various policies and procedures aimed at detecting and preventing insider trading. These measures help ensure a level playing field for all investors and maintain public trust in the financial system. 1. Insider Trading Regulations: Hawaii has enacted specific laws and regulations to address insider trading. These regulations define insider trading and stipulate the actions considered illegal, penalties for offenders, and reporting obligations for market participants. 2. Prohibition of Insider Trading: Hawaii's policies clearly outline that insider trading is strictly prohibited. It prohibits individuals with access to material non-public information from trading on such information or passing it on to others for trading purposes. This ensures fair dealing and prevents individuals from gaining unfair advantages in the securities market. 3. Disclosure Requirements: Hawaii mandates that individuals in possession of material non-public information must disclose it to the appropriate authorities promptly. This disclosure requirement aids in detecting potential insider trading activities and allows regulators to take necessary actions to maintain market integrity. 4. Monitoring and Surveillance Systems: Hawaii employs advanced monitoring and surveillance systems to detect suspicious trading activities. These systems analyze trading patterns, volumes, and other indicators to identify potential instances of insider trading. Regular reviews and analysis of trading data help detect abnormal trading behaviors and mitigate the risk of insider trading. 5. Reporting Obligations: Hawaii imposes reporting obligations on market participants, such as brokers, investment advisers, and company executives. These individuals are required to report their trading activities and any material non-public information they possess. Mandatory reporting acts as a deterrent and promotes transparency in trading practices. 6. Training and Education: Hawaii emphasizes training and education to ensure market participants are aware of the regulations and consequences of insider trading. Educational programs, seminars, and workshops aim to foster a better understanding of insider trading laws and ethical trading practices. This helps create a culture of compliance and reduces the incidence of insider trading. 7. Whistleblower Protection: Hawaii provides whistleblower protection to individuals who report insider trading activities. This protection encourages individuals to come forward and report any suspicious activities without fear of retaliation. Whistleblower programs contribute significantly to the detection and prevention of insider trading. 8. Collaboration with Regulatory Authorities: Hawaii actively collaborates with other regulatory entities, such as the Securities and Exchange Commission (SEC), to share information and coordinate efforts in detecting and preventing insider trading. This collaboration enhances the effectiveness of regulatory measures and strengthens enforcement actions. In conclusion, Hawaii has a comprehensive framework of policies and procedures designed to detect and prevent insider trading. These measures include the enactment of specific regulations, prohibition of insider trading, disclosure requirements, monitoring systems, reporting obligations, training and education, whistleblower protection, and collaboration with regulatory authorities. By implementing these measures, Hawaii aims to maintain a fair and transparent securities market, safeguard investor interests, and uphold the integrity of the financial system.What are Hawaii Policies and Procedures Designed to Detect and Prevent Insider Trading? Insider trading is a serious financial crime that can have a detrimental impact on the fairness and integrity of the securities market. To combat this illegal activity, Hawaii has implemented various policies and procedures aimed at detecting and preventing insider trading. These measures help ensure a level playing field for all investors and maintain public trust in the financial system. 1. Insider Trading Regulations: Hawaii has enacted specific laws and regulations to address insider trading. These regulations define insider trading and stipulate the actions considered illegal, penalties for offenders, and reporting obligations for market participants. 2. Prohibition of Insider Trading: Hawaii's policies clearly outline that insider trading is strictly prohibited. It prohibits individuals with access to material non-public information from trading on such information or passing it on to others for trading purposes. This ensures fair dealing and prevents individuals from gaining unfair advantages in the securities market. 3. Disclosure Requirements: Hawaii mandates that individuals in possession of material non-public information must disclose it to the appropriate authorities promptly. This disclosure requirement aids in detecting potential insider trading activities and allows regulators to take necessary actions to maintain market integrity. 4. Monitoring and Surveillance Systems: Hawaii employs advanced monitoring and surveillance systems to detect suspicious trading activities. These systems analyze trading patterns, volumes, and other indicators to identify potential instances of insider trading. Regular reviews and analysis of trading data help detect abnormal trading behaviors and mitigate the risk of insider trading. 5. Reporting Obligations: Hawaii imposes reporting obligations on market participants, such as brokers, investment advisers, and company executives. These individuals are required to report their trading activities and any material non-public information they possess. Mandatory reporting acts as a deterrent and promotes transparency in trading practices. 6. Training and Education: Hawaii emphasizes training and education to ensure market participants are aware of the regulations and consequences of insider trading. Educational programs, seminars, and workshops aim to foster a better understanding of insider trading laws and ethical trading practices. This helps create a culture of compliance and reduces the incidence of insider trading. 7. Whistleblower Protection: Hawaii provides whistleblower protection to individuals who report insider trading activities. This protection encourages individuals to come forward and report any suspicious activities without fear of retaliation. Whistleblower programs contribute significantly to the detection and prevention of insider trading. 8. Collaboration with Regulatory Authorities: Hawaii actively collaborates with other regulatory entities, such as the Securities and Exchange Commission (SEC), to share information and coordinate efforts in detecting and preventing insider trading. This collaboration enhances the effectiveness of regulatory measures and strengthens enforcement actions. In conclusion, Hawaii has a comprehensive framework of policies and procedures designed to detect and prevent insider trading. These measures include the enactment of specific regulations, prohibition of insider trading, disclosure requirements, monitoring systems, reporting obligations, training and education, whistleblower protection, and collaboration with regulatory authorities. By implementing these measures, Hawaii aims to maintain a fair and transparent securities market, safeguard investor interests, and uphold the integrity of the financial system.
Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés. For your convenience, the complete English version of this form is attached below the Spanish version.
