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WASHINGTON (dpa-AFX) - The U.S. Securities and Exchange Commission has charged three former software engineers of video streaming giant Netflix (NFLX) for insider trading.According to the SEC,
Three former Netflix software engineers and two close associates were sued by federal regulators for profiting $4.1 million by trading on confidential information about the company’s subscriber growth.
US regulators filed insider trading charges against five people, including three former Netflix employees, accusing them of illegally using confidential data on subscriber growth at the streaming television giant.