BSO- 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.
Okay fine, so maybe that title is a littttttle misleading. You can definitely fault the guy, that is most likely getting paid far too much to tell Martavis Bryant not to spend hundreds of thousands of dollars on bottles on champagne and 35 inch rims, for trying to make transactions from his client's bank account. There is no question that Dylan P. Grayson is a complete scumbag. However, if you are going to be the scumbag financial adviser that is well versed, relatively speaking, in white collar crime then Martavis Bryant is an excellent target. If there was no one asking Bryant whether or not he authorized a bunch of charges do you really think he would have any idea? He probably hasn't looked at his bank account since he signed his contract. Why would he? We are talking about the guy that got suspended four games while he was on the cusp of having a breakout season for failing to put down the bong during the offseason. Something tells me that kind of guy is more of a 'Cash-On-Delivery' kind of guy. I refuse to believe that someone that likes getting stoned that much is adding up the dollars per ounce to find out his monthly expenditures on narcotics. I don't necessarily know this from experience, but I would imagine there aren't too many drug dealers out there swiping credit cards. So unless Bryant is really good at keeping track of his cash (which I can't do after two beers, never mind a blunt), I would think that his memory would be a little cloudy, no pun intended, on his credit report.
Honestly though, if you were Martavis Bryant, would you be keeping a close eye on your bank statement? I bet you wouldn't. Especially if you hired someone else to do it. Granted, he probably should have put him through a more thorough vetting process, but unlike Dylan, he did have the right intentions in mind. You don't want to do something then you pay someone else to. That's how being rich works. The crazy thing is that Grayson probably would have got away with it if he wasn't trying to extract $7,000 dollars like a greedy bastard. Guy is a financial advisor and knows nothing about banks. That's the real reason this idiot should be fired. Maybe $100 here, or a $100 there Dylan, but once you hit quadruple figures you're basically begging to get caught. Doesn't matter if your meal ticket is ripe for the pilfering, once you start broadcasting your identity theft you are bound to end up unemployed. Hope that 7K was worth losing a 100K salary.
P.S. I think the biggest surprise of this whole story is that Bryant actually answered a phone call from an 800 number that he probably didn't recognize. You know how many times Visa had to call me back to make sure my charges were my own? That's an instant 'fuck you' button, especially if I am doing something super important like making dick jokes or sitting on the crapper.