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.

Bryan David Budvitis
2008016013501

Budvitis misappropriated a total of $26,500 from a customer’s account by completing Client Verbal Instructions Forms requesting that a check be issued to his family member, and funds transferred from the customer’s account to his family member’s account without the customer’s permission or authority. Budvitis misappropriated an additional $40,000 but later issued a stop payment on a check and deposited a cashier’s check for the withdrawn funds back in the customer’s account.

Budvitis failed to respond to FINRA requests for information and to testify at an on-the-record interview.

Bryan David Budvitis : Barred

Tags: Check