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The Honolulu Advertiser

Posted at 1:52 p.m., Thursday, December 15, 2005

BUSINESS BRIEFS
SEC drops Bank of Hawaii probe

Advertiser Staff

Bank of Hawaii Corp. said today the staff of the Securities and Exchange Commission has terminated its investigation into allegations of improper mutual fund trades by a former bank executive, and has decided not to recommend any enforcement action.

The SEC had investigated alleged excessive and late market trades by a former employee in the New Asia Growth Fund. A Bank of Hawaii subsidiary serves as New Asia's investment adviser.

The SEC staff didn't recommend enforcement against the company, the Asset Management Group of Bank of Hawaii, or any of the present or former officers.



Hawai'i unemployment iclaims unchanged from year ago

The number of Hawai'i residents filing first-time claims for unemployment insurance totaled 1,300 for the week ending Dec. 3, unchanged from a year earlier.

Hawai'i accounted for just 0.3 percent of the total claims filed nationally. Only Vermont and Wyoming had fewer claims as a percentage of the national total.