From October 2019 to July 2023, Beta Capital failed to establish and implement an antimoney laundering (AML) program that was reasonably designed to detect and cause the reporting of suspicious transactions. During the same period, the firm’s AML program also failed to include appropriate risk-based procedures for conducting ongoing customer due diligence. For these violations of FINRA Rules 3310(a), 3310(f), and 2010, Beta Capital is censured and fined $145,000.