The SEC ordered Vince McMahon to pay $1.7 million for failing to disclose hush-money settlements totaling $10.5 million to two women who worked at WWE

Vince McMahon will pay $1.7 million to for failing to disclose two settlements he had with employees while he ran the WWE.

Vince McMahon, the former executive chairman and CEO of World Wrestling Entertainment, has agreed to pay $1.7 million in fines and restitution for violating U.S. securities laws, authorities said Friday.

Former WWE executive Vince McMahon has reached a settlement with the Securities and Exchange Commission (SEC).

Vince McMahon agreed to pay $1.7 million to settle Securities and Exchange Commission charges over settlements he made on behalf of himself and World Wrestling Entertainment without properly disclosing them to the company’s board of directors,

"In the end, there was never anything more to this than minor accounting errors," McMahon says in a statement.

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.

Vince McMahon resigned last year as TKO Group Holdings executive chairman after a former WWE employee sued him for alleged sexual assault and trafficking.

The Securities and Exchange Commission said Friday that World Wrestling Entertainment co-founder Vince McMahon will pay more than $1.7 million in relation to charges that he failed to disclose payment agreements related to sexual assault charges.

The Securities and Exchange Commission says that it has reached a settlement deal with former WWE CEO Vince McMahon relating to undisclosed payments to an employee and an independent contractor with whom he allegedly had relationships with. McMahon will pay a $400,000 civil penalty, and will reimburse the WWE more than $1.3 million.

Former WWE impresario Vince McMahon agrees to settle allegations by the SEC that he paid millions in hush money to two women without telling his board.