Netflix' CEO Receives Wells Notice, SEC Alleges "Reg FD" Violation

Tyler Durden's picture

The antics of the world's most cartoonish CEO, that would be NFLX' Reed Hastings of course, who once upon a time posted on Seeking Alpha telling naysayers not to short him bro, (only to continue selling his company's stock even as NFLX proceeded to use corporate money to buyback NFLX stock in the $200+ area in effect funding Hasting's own personal bank account), before promptly collapsing to multi-year lows, has finally been called to task by none other than that other most cartoonish of organizations: the SEC, which is now desperate to clean up its image as the bulk of the most coopted personnel are jumping ship, and will likely end up in various Wall Street companies.

  • NETFLIX, CEO RECEIVED WELLS NOTICE FROM SEC STAFF
  • NETFLIX CEO SAYS SEC STAFF QUESTIONED FACEBOOK POST
  • NETFLIX CEO SAYS SEC STAFF RECOMMENDS CIVIL ACTION
  • NETFLIX CEO SAYS SEC STAFF CITES 'REG FD' VIOLATION
  • NFLX SAYS DOESN'T USE FB TO GET MATERIAL INFO TO INVESTORS

A cartoon investigating a cartoon: what can one say- truly a match made in heaven. We wonder what would happen if the SEC were to actually inquire about the accounting of billions in off balance sheet liabilities. Actually, nevermind.

Source: SEC