Lucrative Pips Corporation involved in a forex trading scheme, fined more than $2 million

sec charges

The U.S. Commodity Futures Trading Commission (CFTC) has announced on Friday that the U.S. District Court for the Northern District of Georgia has ordered Kevin Andre Perry and Lucrative Pips Corporation to pay $694,799.

The company has been charged with defrauding clients and misappropriating nearly $700,000 from more than 50 clients in a forex trading scheme.

Apart from the $694,799 fine, the court’s order requires a civil monetary penalty of more than $2 million.

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