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A former stockbroker is charged for 16 fraud offences in allegedly fleecing $8.8 million from overseas clients.

The Australian Securities and Investments Commission claims Jonathan Kur hid trading losses he accrued on three overseas client accounts while working as a stockbroker at Hogan and Partners Stockbrokers.

He illegally provided advice on options trading and dealing in options trading to several overseas-based clients between May 2005 and December 2008, ASIC claims.

An 18-month investigation led to Mr Kur being charged with 16 counts of fraud and one of dishonestly using his position as a stockbroker.

In Perth Magistrate’s Court last week, Mr Kur pleaded not guilty to the 16 fraud charges and guilty to the dishonesty charge.

He was bailed for $50,000 and ordered to surrender his passport.

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