The Securities & Exchange Commission today charged Franklin, Tennessee-based investment firm, J.C. Reed & Company, Inc. with defrauding more than 100 investors some $11 million. Also charged are Barron A. Mathis, the head of its J.C. Reed Advisory Group Inc. subsidiary and the estate of the late John C. Reed, the firms founder and CEO who passed away last June. Both companies company have filed for bankruptcy.
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