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CNBC is reporting that Vince McMahon has agreed to settle his case with the SEC over the charge that he violated federal securities laws in failing to inform WWE’s Board Of Directors of settlement agreements totaling $10.5 million with two women, including Janel Grant, on behalf of himself and the WWE.
According to the story, McMahon has agreed to settle the administrative charges and to pay a $400,000 civil penalty, as well as reimburse WWE $1.33 million after consenting to an order finding that he violated the Securities Exchange Act..
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