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.