The U.S. Securities and Exchange Commission on Wednesday filed an action to enforce subpoenas against 235 companies as part of an investigation into possible securities fraud at the Woodbridge Group of Companies, which has received over $1 billion in investor funds.

The SEC said in the filing that the companies are believed to be affiliated with Woodbridge and may be owned or controlled by the group’s president, Robert Shapiro. The companies failed to meet an Aug. 31 deadline for producing the subpoenaed records, according to the commission.

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