Nissan Is Said to Face SEC Probe on Pay After Ghosn’s Arrest

The Securities and Exchange Commission is investigating whether Nissan Motor Co. accurately disclosed its executive pay in the U.S., according to several people familiar with the matter, compounding the carmaker’s woes as it grapples with the aftermath of former chairman Carlos Ghosn’s arrest.

The U.S. financial regulator is examining whether Nissan’s executive-pay disclosures were accurate and whether the carmaker had adequate controls to prevent improper payments, the people said, asking not to be identified because the probe hasn’t been disclosed publicly.

Nissan, in response to questions, confirmed it has received an inquiry and said it’s cooperating fully. Through a spokeswoman, ...