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SEC charges Skechers for undisclosed payments to executives’ family members

Image of Skechers colorful heart sneakers.
Photo: Jeremy Moeller/Getty Images

Julie DiMauro

2 min read
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Footwear maker agrees to pay $1.25m penalty to settle charges.

Shoewear giant Skechers USA Inc has settled charges with the SEC for failing to report certain financial transactions involving executives and their relatives, the agency announced yesterday. The California-based company will pay a $1.25m civil penalty following allegations it did not disclose payments benefiting executives’ family members and outstanding loans

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