Jacob Cooper Allegedly Used Investor Money to Settle Prior SEC complaint

securities attorneysJacob Cooper, a radio investment adviser based in San Diego and head of the firm Total Wealth Management (TWM), is looking at a fresh set of fraud charges after he allegedly attempted to misappropriate client funds to settle an earlier fraud case with the SEC, according to a new complaint currently under review by attorneys Alan Rosca and Joe Peiffer.

The SEC filed the charges against Mr. Cooper and his firm after they misused investor money for the original settlement and defrauded clients through unexplained “administrative” fees, the SEC complaint further alleges.

As a result, the SEC is now looking to freeze TWM’s assets, appoint a receiver to oversee remaining funds, and assess civil penalties, according to a new complaint being analyzed by attorneys Alan Rosca and Joe Peiffer.  The Peiffer Rosca Wolf investment recovery lawyers represent investors who were referred by Cooper to the MicroPipe program and have filed claims on their behalf.

Total Wealth Management Allegedly Borrowed $150,000 in Client Funds to Assist Settling SEC Administrative Action

Cooper founded TWM in 2009 and built it up through a weekly radio show on investing, and allegedly borrowed $150,000 in client funds to help settle an SEC administrative action from April, according to the SEC complaint currently under review by attorneys Alan Rosca and Joe Peiffer.

Said action accused Cooper of allegedly committing fraud by pooling around 75% of clients’ $100 million assets into a private fund, which he then invested in unaffiliated funds that paid an undisclosed revenue-sharing fee back to clients.

Investment Recovery Lawyers Investigating

The Peiffer Rosca Wolf investment recovery attorneys often represent investors who lose money as a result of investment misconduct, and mail or wire fraud, and are currently investigating Jacob Cooper and Total Wealth Management. The Peiffer Rosca Wolf investment recovery lawyers represent investors who were referred by Cooper to the MicroPipe program and have filed claims on their behalf. They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.

Any investors who believe they lost money as a result of alleged misinformation, or the alleged fraud committed by Jacob Cooper may contact the investment rights attorneys at Peiffer Rosca Wolf, Alan Rosca or Joe Peiffer, for a free, no-obligation evaluation of their recovery options, at 888-998-0520.

Broker: Jacob Cooper

Status: INVESTIGATED by Peiffer Rosca.

For brokercheck report and additional info click here!

Alan Rosca (1157 Posts)

Alan is a securities lawyer. He also teaches Securities Regulation at the Cleveland-Marshall College of Law. He focuses his legal practice on complex commercial and financial litigation and arbitration, particularly in the areas of securities and investment fraud. His office is in Cleveland, Ohio.


In our legal system, every person is innocent until and unless found guilty by a court of law or a tribunal. Whenever we reference “allegations” or charges that are “alleged,” such allegations or charges have not been proven, and are merely accusations, not findings of fault, as of the date of the blog. We do not have, nor do we undertake, a duty to continue to monitor or follow cases about which we report, and/or to publish subsequent blogs regarding various developments that may occur in such cases. Readers are encouraged to conduct their own research regarding any such cases and any developments that may or may not have occurred in such cases.