Carlos Ghosn, the former chairman of Nissan, has agreed to pay $1m (£805,000) in the US to settle charges relating to financial disclosures at the company that neglected to highlight a $140m (£113m) payment he was due to receive on retirement.
The watchdog said the former car giant boss and subordinates deceived Nissan and its investors - including in the US - in not declaring the payment scheme in company accounts.
Mr Ghosn also agreed to a 10-year ban on being a director in the US.
The Securities and Exchange Commission filed the settled charges on Monday against Nissan, Mr Ghosn, and former director Greg Kelly, accused of aiding and abetting the former boss.
According to the SEC's orders and complaint, the Nissan board delegated authority to Mr Ghosn from 2004 to set individual director and executive compensation levels, including his own.
It charged the Japanese auto giant with violating the anti-fraud provisions of the Securities Exchange Act.
Nissan settled the charges, agreeing to pay a $15m (£12m) penalty and to cease and desist from committing or causing violations of the anti-fraud provisions.
