HI Securities Regulator

Teapresso Bar LLC Cease and Desist, $100k Civil Penalty

The Hawaii Commissioner of Securities issued a Preliminary Order to Cease and Desist and imposed a $100,000 civil penalty against Teapresso Bar LLC, a Hawaiʻi franchisor. Between December 2016 and July 2021, Teapresso granted 26 franchises in Hawaiʻi without providing required offering circulars to prospective franchisees and without filing required documents with the Commissioner, in violation of Chapter 482E of the Hawaii Revised Statutes. The franchisor must cease all franchise sales in Hawaiʻi and pay the civil penalty.

Commissioner of Securities Orders Cease and Desist Against Teapresso Bar LLC

The Hawaii Commissioner of Securities issued a cease and desist order against Teapresso Bar LLC for securities violations. The enforcement action requires the company to immediately cease and desist from securities activities in the state. Investors and entities engaging in securities offerings should review compliance with Hawaii state securities laws.