NOTE: Stipulations of Fact and Consent to Penalty (SFC); Offers of Settlement (OS); and Letters of Acceptance Waiver, and Consent (AWC) are entered into by Respondents without admitting or denying the allegations, but consent is given to the described sanctions & to the entry of findings. Additionally, for AWCs, if FINRA has reason to believe a violation has occurred and the member or associated person does not dispute the violation, FINRA may prepare and request that the member or associated person execute a letter accepting a finding of violation, consenting to the imposition of sanctions, and agreeing to waive such member's or associated person's right to a hearing before a hearing panel, and any right of appeal to the National Adjudicatory Council, the SEC, and the courts, or to otherwise challenge the validity of the letter, if the letter is accepted. The letter shall describe the act or practice engaged in or omitted, the rule, regulation, or statutory provision violated, and the sanction or sanctions to be imposed.

Michael Dean Reysack
AWC/2008013269801

Reysack engaged in private securities transactions outside the scope of his employment with his member firm and without providing prior written notice to, or receiving written approval or acknowledgment from, his member firm of his role in the transactions. Reysack had previously disclosed his involvement in a real estate venture to the firm and the firm approved this activity, but cautioned him not to solicit other individuals to invest in his real estate venture. 

Michael Dean Reysack: Fined $10,000; Suspended 6 months