Netflix (NFLX) -1.4% AH after disclosing the SEC has provided a "Wells notice" indicating likely...

|By:, SA News Editor

Netflix (NFLX) -1.4% AH after disclosing the SEC has provided a "Wells notice" indicating likely action against the company and CEO Reed Hastings over a Reg-FD violation. The notice is related to a July Facebook post in which Hastings bragged Netflix had streamed over 1B hours in June. Many immediately thought Hastings had run afoul of SEC disclosure rules; it looks like the agency agrees.