No contrition, but Fortrend avoids big penalties in spat with Shaw & Partners pair

Employment 2025-05-06 11:04 pm By Cindy Cameronne | Sydney

A judge has ordered Fortrend Securities to pay $181,000 in penalties after finding it unlawfully withheld the bonuses of two financial advisers who jumped ship to rival Shaw & Partners, saying the lower penalties were appropriate despite “not a word of contrition”.