Pactual Capital Corporation (CRD #34569, New York, New York) and Christina S.A. DeCastro (CRD #2601034, Registered Principal, Scarsdale, New York) submitted a Letter of Acceptance, Waiver and Consent in which they were censured and fined $10,000, jointly and severally. The firm was fined an additional $10,000. Without admitting or denying the findings, the firm and DeCastro consented to the described sanctions and to the entry of findings that the firm, acting through DeCastro, permitted an employee to engage in activities that required registration while his general securities representative registration status with NASD was inactive due to his failure to complete the Regulatory Element of NASD’s Continuing Education Requirement. The findings stated that the firm permitted its associated persons to engage in activities that require registration with NASD as Limited Representatives- Equity Traders (ET) when they were not so registered. The findings also stated that the firm failed to ensure that the individual who supervises the individuals’ ET-related activities was registered as an ET, as required. (NASD Case #20050020893-01)