Nissan, ex-boss Carlos Ghosn settle with SEC over false disclosures

The Securities and Exchange Commission said Monday that Nissan Motor Co. and former chairman of the Japanese automaker Carlos Ghosn have agreed to pay a total of $16 million to the U.S. regulators over false financial disclosures.Without admitting or denying the SEC's allegations, Nissan and Ghosn agreed to pay, respectively, $15 million and $1 million in civil penalties to settle the charges, the commission said.Ghosn is also barred from being an officer or director of a public company for a period of 10 years.Former Nissan director Greg Kelly, charged with aiding and abetting the alleged …READ FULL ARTICLE