The Securities and Exchange Commission is investigating Kawhi Leonard's endorsement deal with Daktronics, per multiple reports. Daktronics' CFO confirmed this week that the SEC is seeking information related to the arrangement.

The SEC inquiry comes as the NBA has already concluded its investigation into salary cap circumvention involving Leonard and the Los Angeles Clippers. The league imposed major penalties on the team and owner Steve Ballmer, who will be suspended for one year, per Yahoo Sports and CBS Sports. The Clippers will forfeit five first-round picks and face a $30 million fine, according to Yahoo Sports.

The NBA's nearly year-long investigation examined alleged salary cap violations involving Leonard and multiple companies, including a now-defunct company called Aspiration, per Hoops Rumors. Leonard avoided suspension despite the penalties levied against the franchise and its owner.