Arcadia Securities LLC has agreed to pay a fine of $40,000 as a part of a settlement with the Financial Industry Regulatory Authority (FINRA).

Between October 2023 and February 2024, Arcadia conducted a securities business on three days while failing to maintain the required minimum net capital. As a result, the firm violated Section 15(c)(3) of the Securities Exchange Act of 1934, Exchange Act Rule 15c3-1, and FINRA Rules 4110(b)(1) and 2010.

In addition, from October 2023 to March 2025, Arcadia failed to establish, maintain, and enforce a supervisory system reasonably designed to achieve compliance with net capital requirements, in violation of FINRA Rules 3110 and 2010.

For these violations, Arcadia is censured and fined $40,000.

Arcadia registered as a FINRA member in August 1998. The firm is based in New York, New York and has 39 registered representatives operating from four branch offices.

Arcadia engages in a general securities business for retail and institutional customers, including sales of equity, corporate debt securities, and private placements, and underwriting.