Damian Mark Baird (CRD #3097243, Clarence Center, New York)

February 26, 2024 – An OHO decision became final in which Baird was barred from association with any FINRA member in all capacities. The sanction was based on the findings that Baird failed to respond to FINRA requests for information and documents in connection with two investigations. The findings stated that the first investigation focused on whether Baird failed to comply with his discovery obligations in a FINRA arbitration in which he was named as a respondent. In that arbitration, the adjudicators levied a fine against him for failing to comply with a discovery order. FINRA opened the second investigation to examine allegations against Baird in a Uniform Termination Notice for Securities Industry Registration (Form U5) Amendment filed by his former member firm, which disclosed a customer complaint it received. The Form U5 Amendment stated that two of Baird’s customers (a married couple) “wrote a check for $50,000...for deposit” into their account serviced by Baird, and the bank’s fraud department had contacted them with concerns that the check which was presented for payment may have been altered and was made payable to Baird. In connection with the second investigation, FINRA requested that Baird provide documents and information relating to, among other things, account statements for his bank and brokerage accounts, and any alterations he may have made to a check made by the complaining customers. The findings also stated that Baird failed to respond to requests to appear and provide testimony in connection with the second investigation. (FINRA Case #2023077669201) If you have suffered losses as a result of Damian Mark Baird's act and/or actions we would like to hear from you. We are currently investigating claims on behalf of clients who have suffered significant losses in their portfolios that are managed by Damian Mark Baird. The Schwartz Law Firm represents investors in claims against financial advisors and their firms. If you have questions about your potential claim or need assistance from an investment fraud lawyer, please contact us at 866-618-0545 or email Matthew Schwartz directly at mschwartz@tslfirm.com.