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News Breaks December 7, 2012 07:00 EDT NFLX Netflix' Hastings discloses potential SEC civil action on Facebook In a post to his Facebook page, Netflix (NFLX) CEO Reed Hastings disclosed that SEC staff informed the company that they are recommending that the SEC bring a civil action against Neftlix for a public Facebook post Hastings made in July regarding members having viewed over 1B hours of content. SEC staff are asserting that the post violated “Reg FD,” a rule designed to ensure that individual investors have equal access to information as large institutional investors, according to Hastings. Hastings defended his July post by contending that his Facebook post was "very public" due to his having 200,000 subscribers on the site and the fact that the company has already said previously that it was serving nearly 1 billion hours per month. Hastings also pointed out that a move up in Netflix' stock the day of the post may have been prompted by a positive Citigroup research report the night before. Hastings closed by saying, "We remain optimistic this can be cleared up quickly through the SEC’s review process." News For NFLX From The Last 14 Days Check below for free stories on NFLX the last two weeks. Sign up for a free trial to see the rest of the stories you've been missing. 1 | 2 | all recent NFLX news | >> May 17, 2013 09:37 EDT NFLX Active equity option families trading on open Subscribe for More Information May 16, 2013 09:36 EDT NFLX Active equity option families trading on open Subscribe for More Information May 15, 2013 16:02 EDT NFLX Options Update; May 15, 2013 Subscribe for More Information 14:28 EDT NFLX Netflix targets 100 basis points of margin expansion a quarter Subscribe for More Information 12:17 EDT NFLX Icahn paper profit in Netflix tops $1B, WSJ reports Subscribe for More Information 10:51 EDT NFLX Netflix CFO says growing subscribers at $8 price point Subscribe for More Information 10:42 EDT NFLX Netflix moves higher, levels to watch The shares are moving against the broader sideways or down move in technology today, last at $244.10. It would appear that traders are intent on moving the shares back toward the $250 area. That area in the prior two-years was important support and then resistance. When the shares broke below that level in August 2011, it presaged a steep decline in share price. Retaking that level and holding it therefore might encourage more bullishness for higher price. A failure to do so could potentially derail the current trend higher. 10:31 EDT NFLX Netflix volatility at one year low as shares at 21-month high Subscribe for More Information 10:13 EDT NFLX Netflix loved by consumers in survey, says BTIG Subscribe for More Information 09:43 EDT NFLX Active equity option families trading on open Subscribe for More Information 09:01 EDT NFLX Netflix EPS could reach $10+, says RBC Capital Subscribe for More Information 07:26 EDT NFLX Netflix ready for battle in Canada, Globe and Mail reports Netflix may have won the initial battle for online viewers in Canada, but CEO Reed Hastings says it must now survive an onslaught from the country’s traditional TV companies, reports the Globe and Mail. Hastings said the company is prepared to aggressively bid for movie and TV rights while earmarking increasingly higher amounts to produce original content to entice viewers into cutting their cords. Reference Link May 14, 2013 16:00 EDT NFLX Options Update; May 14, 2013 Subscribe for More Information 09:54 EDT NFLX Netflix rebound continues, levels to watch Subscribe for More Information 09:38 EDT NFLX Active equity option families trading on open Subscribe for More Information 07:05 EDT NFLX Netflix continues to lead web usage in North America, AllThingsD reports Subscribe for More Information May 13, 2013 15:45 EDT NFLX Options Update; May 13, 2013 Subscribe for More Information 12:06 EDT NFLX Stocks with call strike movement; CLF NFLX Subscribe for More Information May 10, 2013 12:54 EDT NFLX Icahn says 'we haven't sold a share' of Netflix Subscribe for More Information 11:47 EDT NFLX Stocks with call strike movement; TSO NFLX Subscribe for More Information 1 | 2 | all recent NFLX news | >> Sign up for a free trial to see the rest of the stories you've been missing.