On Wednesday, three Netflix ($NFLX@US) engineers and two others were charged with insider trading by the U.S. Securities and Exchange Commission. The SEC said in a statement that the three Netflix engineers and two close associates generated over $3 million in total profits by trading on confidential information related to subscriber growth. The SEC named Sung Mo “Jay” Jun as the “center of a long-running scheme that involved illegally trading on non-public information associated with the growth of Netflix’s subscriber base — a vital component of the subscription video-on-demand company’s earnings report. While employed at Netflix in 2016 and 2017, Jun tipped the information to his brother and close friend, who used the information to trade in advance of multiple earnings announcements.