Former NFL player Reshad Jones settled a $9.5 million lawsuit with Merrill Lynch over a financial adviser who stole $2.59 million from him through fraud and laundering schemes, highlighting issues of athlete financial exploitation.
Iowa Hawkeyes guard Caitlin Clark, the all-time leading scorer in college basketball history, has signed a multi-year partnership with Gainbridge to serve as a brand ambassador for their new financial product, ParityFlex, designed to address women's unique retirement needs. The product combines a multi-year guaranteed annuity with a guaranteed lifetime withdrawal benefit and aims to provide security of fixed growth, measure of liquidity for changing life circumstances, and a guaranteed stream of lifetime income. Clark, who announced her entry into the 2024 WNBA draft, will join the likes of Billie Jean King and Annika Sörenstam as a representative for Gainbridge.