Violation Tracker Individual Record

Company: 
Nissan
Current Parent Company: 
Nissan
Penalty: 
$15,000,000
Year: 
2019
Date: 
September 23, 2019
Offense Group: 
financial offenses
Primary Offense: 
accounting fraud or deficiencies
Violation Description: 

Nissan, its former CEO and a former director agreed to pay $15 million to resolve allegations related to false financial disclosures that omitted more than $140 million to be paid to the CEO in retirement.

Level of Government: 
federal
Action Type: 
agency action
Agency: 
Securities and Exchange Commission
Civil or Criminal Case: 
civil
HQ Country of Parent: 
Japan
Ownership Structure of Parent: 
publicly traded
Major Industry of Parent: 
motor vehicles
Specific Industry of Parent: 
motor vehicles
Source Notes: 
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note: 
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.