The SEC Is Investigating Nissan
What are they driving at? The Japanese carmaker said Monday that it’s cooperating with the Securities and Exchange Commission following a report that the U.S. regulator is probing the company’s disclosure of executive pay. It’s the latest legal difficulty for Nissan, whose former chairman, Carlos Ghosn, was arrested in November for allegedly underreporting his salary by tens of millions of dollars.
Does Nissan have reason to worry? It’s unclear whether the SEC will launch a broader probe — but if it does, Japan’s second-largest carmaker could face hefty financial penalties.