-

Vince McMahon found in violation of Securities Exchange Act, ordered to pay fine

Former WWE Chairman Vince McMahon was found in violation of the Securities Exchange Act by the Securities and Exchange Commission for failing to disclose settlement agreements with the WWE Board of Directors and ordered to pay a $400,000 penalty and reimburse WWE the sum of $1,330,915.90.

This stems from previous NDAs from 2019 and 2022 which had an effect on the reported WWE earnings, with the company overstating its 2018 net income by 8% and its 2021 net income by 1.7%.

This was not part of the 2024 investigation by the Southern District of New York which was investigating allegations of sex trafficking and sexual assault, but a separate investigation after the NDA stories came up in the media.

The full press release from the SEC was published today.


Discover more from Wrestling-Online.com

Subscribe to get the latest posts sent to your email.

Colin Vassallo
Colin Vassallohttps://www.wrestling-online.com
Colin Vassallo has been editor of Wrestling-Online since 1996. He is born and raised in Malta, follows professional wrestling and MMA, loves to travel, and is a big Apple fan!

Stories you might also likeRELATED
Recommended to you

LATEST NEWS

WWE/AAA Worlds Collide 2026 to air head-to-head with AEW’s All Out

The Allstate Arena, which is hosting the premium live event, is advertising Worlds Collide at 7:30PM, meaning an 8PM...

Saturday Night’s Main Event live tonight from Madison Square Garden in New York

Saturday Night's Main Event returns tonight live from Madison Square Garden, the third SNME of 2026. Four matches are advertised...

CM Punk explains his time off from WWE after WrestleMania 42

Appearing on ESPN New York radio ahead of tonight's Saturday Night's Main Event at Madison Square Garden, WWE champion...

Discover more from Wrestling-Online.com

Subscribe now to keep reading and get access to the full archive.

Continue reading