CEP Holdings, Inc. D/B/A
Colonendparenthesis.net, Trevor Reed, Clayton Kimbrell and Colon End
Parenthesis Trust, LLC
On July 10, 2007, the SEC obtained a temporary restraining
order and asset freeze against Trevor Reed and
Clayton Kimbrell in connection with their alleged ongoing fraudulent scheme involving the offer and sale of securities in
unregistered transactions via the Internet. According to the complaint, since
approximately November 2005, Reed and Kimbrell, through an entity they own and
control, CEP Holdings, Inc. d/b/a Colon End Parenthesis, have fraudulently sold
approximately $12 million worth of securities in unregistered transactions
(referred to as “memberships”) to approximately 5,000 investors nationwide. For
more information about the SEC’s action, you can read Litigation Release No. 20191
(July 11, 2007).
The Court also appointed William F. Perkins as Receiver. For
more information about the Receivership, you can visit the Receiver’s website.