Blue Sky L. Rep. P 72,902 Earl W. Ah Moo v. A.G. Becker Paribas, Inc., A/K/A Paribas North America, Inc., Defendant

A.G. Becker Paribas, Inc. (“Becker”) appeals judgment for Earl W. Ah Moo (“Ah Moo”) on misrepresentation, breach of contract, and violation of Hawaii’s Uniform Securities Act, Title 26, Haw.Rev.Stat. § 485-1 to § 485-25 (1985). This action arises out of the sale of securities totalling $27,500 by Becker’s vice president and salesman, as well as out of Becker’s failure to register, pursuant to Hawaii law, either its authorized salesman or the securities sold to Ah Moo.

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Becker is a Delaware corporation doing business in California, Illinois, and New York. Steven Brennan, a securities broker for ten years prior to meeting Earl Ah Moo, was Becker’s vice president and authorized salesman.

In 1980, Brennan met Ah Moo. In December 1981, at an event in Hawaii, Brennan offered Ah Moo “some investments that [Ah Moo] might be very interested in.” Ah Moo was aware, at that time, that Brennan was the vice president of Becker. Brennan told Ah Moo he would provide details relating to the transaction upon return to California.

Two weeks later, Brennan telephoned Ah Moo from Brennan’s office at Becker in California and asked Ah Moo if he would be interested in a $27,500 investment with a…