Investors potentially incurred losses because of securities broker Franklin Lainez [CRD: 7721324, New York, New York], based on disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. It appears that Lainez has worked for TD Private Client Wealth LLC in Staten Island, New York, since June 1, 2023, and for the firm’s New York, New York, office since September 19, 2025. Keep reading for details about Lainez’s reported disclosure.
What Is An Allegation Of Unauthorized Transactions?
An allegation of unauthorized transactions generally means a securities broker or financial advisor potentially carried out actions involving a client’s funds or accounts without the client’s permission. This can include transferring money, placing trades, or moving assets without proper authorization. Such conduct can expose clients to unexpected losses and is considered a serious sales practice violation.
Specifically, on April 4, 2025, a TD Bank N.A. client filed Civil Action No. 1:25-cv-1669 about Franklin Lainez. Mainly, the client alleged that Lainez engaged in unauthorized transaction by unlawfully transferring funds for the purchase of property. Because of this, the client allegedly experienced damages. Therefore, the client requested $10,000,000 in compensation from TD Bank N.A. or Lainez. It appears that this civil suit is awaiting a resolution.
Are you concerned regarding investments you made with Franklin Lainez? You can contact Soreide Law Group at (888) 760-6552 or online and talk with a securities lawyer concerning a possible recovery of your investment losses. Soreide Law Group has recovered losses for investors throughout the United States. Also, the firm takes cases on a contingency fee basis and advances all costs. Lainez and brokerage firms Lainez worked for deny accusations of sales practice violations.
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