Nissan agreed to pay a $15 million civil penalty to settle the Securities and Exchange Commission’s charges of fraudulently concealing over $140 million of compensation and retirement bnenefits.
- Former CEO Carlos Ghosn agreed to a $1 million civil penalty and a 10-year officer and director bar
- Former director Greg Kelly agreed to a $100,000 penalty, a five-year officer and director bar and a five-year suspension from practicing or appearing before the SEC as an attorney
- Nissan, Ghosn, and Kelly settled without admitting or denying the SEC’s allegations and findings
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