On January 28, 2019, Nissan confirmed its intention to cooperate with the US Securities and Exchanges Commission (SEC).

Indeed, the U.S. financial regulator made a request to Nissan, but it is not, at this stage, the opening of an investigation.

It aims at verifying that American shareholders did not suffer from a lack of information following suspicions on the accuracy of its executive-pay disclosures.

The information requested concerns both Carlos Ghosn and Nissan.

Although Nissan is not a listed company in the United States, shareholders can subscribe to shares in dollars via share certificates called ADRs (American Depositary Receipts).

It will therefore be the role of the SEC to verify whether or not Nissan had implemented the necessary control mechanisms to ensure the best possible information to its shareholders.