Former stockbroker charged with options trading fraud
Former stockbroker Jonathan Kur has been charged with dishonest use of his position and fraudulent activity involving more than $7 million.
Appearing before the Perth District Court, Kur pleaded guilty to three charges of fraud during the time he was an authorised representative of Hogan and Partners Stockbrokers.
At the time, he had been providing advice in relation to options trading and dealing in options trading for a number of clients based in Botswana.
The Australian Securities and Investments Commission (ASIC) alleged that between May 2005 and December 2008, he intentionally hid trading losses that he accumulated on three overseas client accounts.
Kur previously pleaded guilty in November 2011 in the Perth Magistrates' Court to one charge of dishonestly using his position as an employee of Hogan and Partners. In 2009, the regulator had permanently banned him from providing financial services.
Kur has been placed on continuing bail to reappear in the Perth District Court on 19 February for sentencing.
Recommended for you
Net cash flow on AMP’s platforms saw a substantial jump in the last quarter to $740 million, while its new digital advice offering boosted flows to superannuation and investment.
Insignia Financial has provided an update on the status of its private equity bidders as an initial six-week due diligence period comes to an end.
A judge has detailed how individuals lent as much as $1.1 million each to former financial adviser Anthony Del Vecchio, only learning when they contacted his employer that nothing had ever been invested.
Having rejected the possibility of an IPO, Mason Stevens’ CEO details why the wealth platform went down the PE route and how it intends to accelerate its growth ambitions in financial advice.
