A Perth-based stockbroker has been sentenced to four years jail for defrauding clients out of more than $7.5 million.
The District Court yesterday handed down the sentence to Jonathan Kur, the stockbroker who presided over the collapse of Perth firm Hogan and Partners.
Mr Kur pleaded guilty to the charges in November last year.
The charges related to Mr Kur’s conduct between May 2005 and December 2008, where it was alleged he intentionally hid losses from options trading accumulated on overseas client accounts.
ASIC said that as a result of Mr Kur's conduct, Hogans clients lost more than $9 million.
Mr Kur resigned from Hogan on 18 December 2008 and Hogan ceased business on 20 December 2008.
He was permanently banned from providing financial services by the Australian Securities and Investments Commission in 2009.
