That reminds us about the new Flash Player 8 security changes and how local content cannot access remote files. I clicked Settings…. to allow this application run. When you will click on Settings….you will be redirected to the Flash Player Security web page where you can allow your application to run properly by adding it in that.
You will have in front of you Adobe Flash Player Settings Manager like given below. You need to click on ‘Edit locations… ‘ to add your application locations.
As you click on add location will have a new window which will represent you the recently tried application path. To add your application path select application by clicking on the Browse for files… button and select application.
After that your application will be added in that so close that web browser and restart your application which should run successfully.