Dylan Patrick Grayson, Financial Advisor to Pro Athletes, Barred by FINRA

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, FINRA requested, pursuant to FINRA Rule 8210, that Grayson appear and provide testimony under oath on June 19, 2015.

Grayson acknowledged receipt of FINRA’s Rule 8210 request for testimony and informed FINRA staff that he would not cooperate with FINRA’s investigation. By refusing to respond to FINRA’s request for testimony as requested pursuant to FINRA Rule 8210, Grayson violated FINRA Rule 8210 and 2010.

Grayson has since consented to a bar from associating with any FINRA member in any capacity.

In addition, it has been reported on Grayson’s regulatory reports that Grayson settled a $72,837.13 debt to Ameriprise Financial Services, Inc. for $66,500. The settlement came after Ameriprise brought a FINRA arbitration against Grayson in September 2012 alleging Grayson breached two promissory notes dated August 14, 2011 and November 16, 2011. Ameriprise alleged that Grayson failed to repay the balances due on the two promissory notes after Grayson’s employment with Ameriprise was terminated and the outstanding balances on the notes became due and owing.

It is believed that Grayson is now working as a licensed real estate salesperson in the State of Texas (License No. 656455) for Rogers Healy and Associates (See http://rogershealy.com/associates/dylan-grayson).

Grayson previously worked for Ameriprise Financial Services, Morgan Stanley Smith Barney, and Citigroup Global Markets.

Carlson & Associates, P.A. has represented over a dozen professional athletes who have been victims of investment fraud. Athletes and their agents, financial advisors, accountants or business managers can call our office for a free consultation if they believe they may be a victim of investment fraud.