Former WWE CEO Vince McMahon reaches deal with SEC over undisclosed settlement agreements

FILE - Vince McMahon stands at Republican state convention in Hartford, Conn., May 18, 2012.

FILE - Vince McMahon stands at Republican state convention in Hartford, Conn., May 18, 2012. (AP Photo/Jessica Hill, File)


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The Securities and Exchange Commission says that it has settled charges against former WWE CEO Vince McMahon over his failure to disclose to the sports entertainment company's board and others that he signed two settlement agreements worth $10.5 million with two women in order for them not to reveal potential claims against himself and WWE. The SEC said that McMahon, without admitting or denying its findings, agreed to cease-and-desist from violating certain provisions, pay a $400,000 civil penalty, and reimburse WWE approximately $1.3 million.

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