Now, the watchdog is asking the Securities and Exchange Commission to launch an investigation.

SFOF previouslydisclosedits financial supporters online, but stopped doing so several years ago.

South Carolina Treasurer Curtis Loftis during a state Senate hearing on April 2, 2024, in Columbia, S.C. (AP Photo/Jeffrey Collins)

South Carolina Treasurer Curtis Loftis during a state Senate hearing on April 2, 2024, in Columbia, S.C.Jeffrey Collins/AP