J.C. Reed & Company, Inc., J.C. Reed Advisory Group, LLC, Barron A. Mathis, and Estate of John C. Reed, Lana L. Reed, Executor

J.C. Reed & Company, Inc., J.C. Reed Advisory Group, LLC, Barron A. Mathis, and Estate of John C. Reed, Lana L. Reed, Executor
     

The Securities and Exchange Commission ("Commission") announced today that on November 18, 2008 it filed a Complaint For Injunctive and Other Relief (the "Complaint") in the United States District Court for the Middle District of Tennessee against the following four defendants arising out of an alleged $11 million securities offering fraud based in Tennessee: (1) J.C. Reed & Company, Inc. ("JC Parent"); (2) J.C. Reed Advisory Group, LLC ("JC Advisory"); (3) Barron A. Mathis ("Mathis"); and, (4) the estate of John C. Reed, Lana L. Reed, Executor ("Reed's Estate"). Corporate founder John C. Reed ("Reed") died on June 7, 2008. JC Advisory, a wholly-owned subsidiary of JC Parent, is registered with the Commission as an investment adviser. In addition to JC Advisory, JC Parent owned a mortgage banking subsidiary and several other related businesses. JC Parent and JC Advisory recently filed bankruptcy petitions in United States Bankruptcy Court for the Middle District of Tennessee.
     

http://www.sec.gov/litigation/litreleases/2008/lr20813.htm