BUSINESS REGISTRATION DIVISION
DEPT OF COMMERCE & CONSUMER AFFAIRS
STATE OF HAWAII

NOTICE OF RIGHT TO HEARING

TO: Leoncio Prudencio Raralio Pilar; Leoncio Prudencio Raralio Pilar dba Pilar Financial Services, Investments and Tax Strategies; and Pilar Investments, LLC

YOU ARE HEREBY NOTIFIED that the Commissioner of Securities (“Commissioner”) issued a Preliminary Order to Cease and Desist and Notice of Right to Hearing (“Order”) against you on July 16, 2012, alleging that you have violated Chapter 485, HRS, and that disciplinary action should be taken against you.
Pursuant to HRS § 485-18.7(b) and HRS § 485A-604, as applicable, you may request a hearing on this matter within thirty (30) days of the date of this Notice. Your request must be in writing and addressed to: Office of Administrative Hearings, Department of Commerce and Consumer Affairs, State of Hawaii, P.O. Box 541, Honolulu, Hawaii 96809.
A copy of your written request for a hearing must be simultaneously served upon the Securities Enforcement Branch, Department of Commerce and Consumer Affairs, State of Hawaii, P.O. Box 40, Honolulu, Hawaii 96810. If a hearing is requested, it shall be scheduled within fifteen (15) business days after your written request has been received by the Office of Administrative Hearings unless extended by the Commissioner for good cause.
If no written request for hearing is received by the Office of Administrative Hearings and none is ordered by the Commissioner, this Order shall remain in effect unless and until modified or vacated by the Commissioner or a Final Order becomes effective.
You are hereby further notified that pursuant to § 16-201-23 of the Hawaii Administrative Rules for Administrative Practice and Procedure, you may within ten (10) days after receiving a Final Order move the Commissioner to reconsider the Final Order. Your motion shall be filed with the Commissioner and shall state specifically what points of law or facts the Commissioner has overlooked or misunderstood together with brief arguments on the points raised.
Additionally, pursuant to HRS § 485-23 and HRS § 485A-609, as applicable, you may file an appeal with the Circuit Court of the First Circuit of the State of Hawaii in the manner provided in HRS Chapter 91.
You have the right to retain legal counsel, at your own expense, for all stages of these proceedings.
(SA463527 10/24, 10/31/12)~