San Diego Radio: Former KOGO Financial Talker Banned By SEC

Jacob Cooper

Jacob Cooper, head of Total Wealth Management and former host of a KOGO 600 AM radio show, Uncommon Wealth, on Monday was banned from the securities industry by the chief administrative law judge of the Securities and Exchange Commission.

The San Diego Reader reports 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.