Terry McAuliffe (Getty Images)
(WUSA9) -- Monday, the Republican Governors Association will start running an ad against Virginia's Democratic candidate for governor -Terry McAuliffe.
The ad refers to an electric-car company McAuliffe co-founded, which is now being subpoenaed by the Securities and Exchange Commission.
Newly released documents confirmed that GreenTech Automotive is under investigation for soliciting money from foreign investors in return for special visas.
The SEC is also looking into claims the company "guarantees returns" to its investors.
We invited McAuliffe to talk to us about the allegations, but he declined.