State securities regulators are giving owners of a non-profit company 10 days to explain why they should not be shut down, fined and ordered to pay restitution for an investment strategy targeting church members.

Churchgoers in as many as 10 states are investing in a company that some were told is worth $170 billion with assets around the world. Yet its business address is a Scottsdale post office box and state and federal officials are investigating its owners.