• SEC Issues Guidance On Social Media Disclosure
  • June 19, 2013 | Author: William W. Bouton
  • Law Firm: Hinckley, Allen & Snyder LLP - Hartford Office
  • In July 2012, Netflix's President, Reed Hastings, announced on his personal Facebook page that Netflix had streamed 1 billion hours of content in June. Netflix is a public company, and the Securities and Exchange Commission ("SEC") subsequently commenced an investigation of whether this announcement violated SEC Regulation FD, which addresses selective disclosure of material information by public companies.