Posted at 12:12 p.m., Monday, April 18, 2005
BUSINESS BRIEFS
Arakawa goes to Hawaiian Airlines
Advertiser Staff
David Arakawa, who served as corporation counsel for the city and county of Honolulu the past eight years, has been named senior vice president-general counsel and corporate secretary for Hawaiian Airlines, overseeing legal issues for Hawai'i's largest airline.Arakawa worked as a deputy prosecutor before spending 13 years in private practice. He has been involved with several civic and community groups and is vice president of the Hawaii United Okinawan Association, a board member of both the Aiea Neighborhood Board and Aiea Community Association and a member of the Waipahu and Pearl City Community Associations.
Earlier this month, the Honolulu City Council approved Carrie Okinaga to be the city's new corporation counsel.
State orders couple to stop business
State regulators have fined Michael K. Riley and his wife, Tammy L. Riley, $25,000 and ordered them to stop selling securities in Hawai'i.
Doing business as Parallel Alliance, the couple mailed 300 solicitation letters to Hawai'i and Montana residents, according to the Hawai'i Securities Commissioner Corinna Wong.
Recipients were asked to invest $55 a month over five years; the money would be used to buy businesses. Investors were promised profits from the businesses after 10 years.
The Rileys and their company are not registered nor authorized to offer, sell or solicit such securities in Hawai'i, the securities commissioner said.
