FINRA has permanently barred former Osaic Wealth, Inc. broker Mary Beth Fisher Spuhler (CRD No. 1195301) after she refused to cooperate with an investigation into unauthorized personal financial transactions with clients. Spuhler, who had been registered with FINRA since the 1980s, was terminated by Osaic Wealth in September 2024 due to these unapproved transactions. Following her termination, FINRA requested information and documents under Rule 8210 as part of its investigation. Despite acknowledging the request, Spuhler refused to comply, violating FINRA Rules 8210 and 2010, which require brokers to uphold high ethical standards. As a result, she has been barred from associating with any FINRA member, effectively ending her career in the securities industry.

Although Spuhler is no longer a registered broker, FINRA retains jurisdiction over former brokers for misconduct that occurred while they were licensed. While this disciplinary action removes her from the industry, it does not compensate investors who may have suffered financial losses due to her actions. If you invested with Spuhler or Osaic Wealth and believe you were financially harmed, you may have legal options to recover your losses. Contact ChapmanAlbin today for a free consultation.