Since September 2022, Mirae has failed to establish, maintain, and enforce a supervisory system, including written supervisory procedures, reasonably designed to achieve compliance with rules and laws prohibiting manipulative trading, including prearranged, coordinated, and momentum ignition trading, in violation of FINRA Rules 3110 and 2010. For these violations, Mirae is censured, fined $18,550, and required to certify that it has remediated the issues identified in this AWC.

Between February 2016 and March 2022, DriveWealth failed to report over 211 million fractional share trades to a FINRA trade reporting facility (TRF) and approximately 169 million reportable events involving fractional share trades to the Consolidated Audit Trail (CAT) Central Repository. Between October 2021 and August 2025, the firm submitted approximately 127 million inaccurate or late reports to the TRFs and approximately 2.1 billion inaccurate reportable events to the CAT Central Repository.

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.