Jacob Cooper, head of Total Wealth Management and former host of a KOGO radio show, Uncommon Wealth, on Monday (August 17) was banned from the securities industry by the chief administrative law judge of the Securities and Exchange Commission.
Judge Brenda P. Murray wrote that "Cooper's violations of the anti-fraud provisions [of securities law] were egregious." Cooper recruited investors and then took kickbacks from the firms whose investments he was touting without informing those investors.
Among other things, Cooper admitted that he took investor funds to pay legal fees to fight the securities agency's charges.
Reader articles chronicling the demise of Jacob Cooper's career:
April 15, 2014
August 27, 2014
February 5, 2015