Financial Advisors are sneaky, and sometimes thieves. Well Martavis Bryant the Steelers wide out was able to catch his financial advisor before he spent way more money.
The Financial Industry Regulatory Authority (“FINRA”) has permanently barred Dylan P. Grayson from acting as a broker or otherwise associating with firms that sell securities to the public.
On March 4, 2015, Grayson was fired from Merrill Lynch, Pierce, Fenner & Smith after allegations that he used a client’s (Martavis Bryant of the Pittsburgh Steelers) credit card for personal expenses without authorization, handled a customer complaint without notifying the firm, and engaged in unapproved outside business activities.
On June 2, 2015, it was reported on Grayson’s regulatory report that Martavis Bryant alleged that he did not authorize wire transfers to a third party vendor from September 2014 to January 2015 that were made by Dylan Grayson. Bryant alleged he incurred $7,000 in damages and Merrill Lynch settled the dispute for the same amount. On June 12, 2015, during the course of a FINRA investigation into allegations that Grayson used the credit card of Bryant to make purchases for his own personal benefit.