Former Hogan and Partners stockbroker Jonathan Kur has been charged with fraud after an 18-month investigation by the Australian Securities and Investments Commission.
Mr Kur was charged with 16 counts of fraud totalling $8.8 million and one charge of dishonestly using his position as an employee of Hogans.
According to ASIC, the charges related to advice Mr Kur provided in relation to options trading for a number of overseas-based clients between May 2005 and December 2008.
“It is alleged during this time period Mr Kur intentionally hid trading losses he accumulated on three overseas client accounts,” ASIC said in a statement
Mr Kur pleaded not guilty to the 16 fraud charges at Perth Magistrates Court on Friday, while pleading not guilty to the charge of dishonestly using his position as an employee of Hogans.
Mr Kur was banned from providing financial services by ASIC in 2009.
