WILLIAMSVILLE, NEW YORK

Financial advisor Damian Baird has been indefinitely suspended by FINRA, as of June 2023. Damian Mark Baird, who previously worked with Moors & Cabot and Morgan Stanley in Williamsville, NY failed to respond to a FINRA investigation, which led to the suspension.

An investigation was started by FINRA when a customer complaint was made in March 2023. The customer alleged that a $50,000 check was written to open up an investment account, but that the check may have been altered and made payable to Damian Baird. This suspension comes on the heals of an arbitration hearing against Morgan Stanley in January 2023, in which Baird was ordered to pay over $875,000 in compensatory damages and $176,000 in interest.

Damian Mark Baird worked in Williamsville, New York. He was licensed with Moors & Cabot from June 2020 to February 2023 and with Morgan Stanley from November 2018 to May 2020. He had also been the subject of four other customer complaints besides the one filed in March 2023. Baird also had a securities license denied in Florida in 2014 after he allegedly made false statements on the application.

Financial advisors are required to comply with FINRA’s investigation or face punishment under FINRA Rule 8210. If Baird continues to refuse to cooperate with FINRA’s investigation, he likely will be barred from the securities industry.

View Baird, D. BrokerCheck 8.7.23 View M. Stanley v. Baird Award

If you lost money with Damian Baird or Moors & Cabot, please Contact Us at 206-795-5798 for a free evaluation of your case.