Netflix (NFLX), CEO Hastings Served SEC Wells Notice for Facebook Posting
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UPDATE: Netflix, Inc. (NFLX) CEO Reed Hastings received Wells notice from SEC
December 6, 2012 5:05 PM EST(Updated - December 6, 2012 5:12 PM EST)
Netflix, Inc. (NASDAQ: NFLX) and its CEO Reed Hastings received Wells notice from SEC.
From the filing:
On December 5, 2012, Netflix, Inc. (the Company) and its Chief Executive Officer Reed Hastings each received a Wells Notice from the Staff of the Securities and Exchange Commission (SEC) indicating its intent to recommend to the SEC that it institute a cease and desist proceeding and/or bring a civil injunctive action against Netflix and Mr. Hastings for violations of Regulation Fair Disclosure, Section 13(a) of the Securities Exchange... More
