You have to be very careful who you let handle your money.
Regardless of who you let handle your money you still have to monitor it all very closely. Martavis Bryant was taken advantage of by a shady financial adviser.
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.
Be careful. There have been athletes that have lost millions just by not paying attention.