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.

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

The SEC says it has settled charges against former WWE CEO Vince McMahon over his failure to disclose 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.