For resolving these issues please do the following
Open the below link and download the Adobe flash player uninstaller.
Please make sure you the Administrator of the System. Run this uninstaller and restart your system, install latest version of Adobe flash player from www.adobe.com.
I have removed and reinstalled many times. Did not work.
It is a newer machine that had the "FBI" virus on it. Cleaned it up, and ran into that problem.
UPDATE.. Since it was a newrwrite on the computer, I did a system restore on it. The Adobe flash player worked. It has version 11.5.502.146 on it.
Now I go and get a new flash player from Adobe.com and it goes through all the actions. I uncheck if I want Chrome and install flash player. That's where I run into problems. It wants to install version 11.5.502.146
(which is already on the computer) As soon as I install that.... No more flash. Nothing has changed except that. If I do a restore again, It all works. So which registry keys are corrupt?
This error occurs due to permission issue, Please use the below kb article
and follow all the steps written under the section "The Flash Player ActiveX control could not be registered". If that does not resolve your issue you can apply other steps too.
UPDATE. I tried all of the suggestions. Nothing worked. I ended up rewriting the computer for the fix. I wouldn't mind rewriting, but I get 5 of these problems a week. There must be a soulution. This last computer was bought a month ago.