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Netflix Carries Risk of an Undisclosed SEC Investigation

Whether or not you think Netflix is in play, those with an interest in the name will surely want to take note of this data point we published for clients on 5-Dec-2011.  It is based on data we acquired from the SEC under the Freedom of Information Act regarding Division of Enforcement investigative activity --

  • "Netflix Inc. (NFLX- $66.37 Mkt. Cap.- $3.7 B) Possible, Undisclosed SEC Investigation. In a letter dated 1-Dec-11, we received information from the SEC suggesting this company was involved in unspecified SEC investigative activity. We found no disclosure of the same as of this date."