This is how i undrestand ur problem.
U have text in tlf with html tags which appear as hyperlinks.
I would parse the text in textfield and remove all the html tags.
The problem is text created using the GUI in Flash then a link assigned via the Advanced character panel within flash. No actionscript at this point. Previously you could create styles in actionscript to assign to text fields. Now I do not see any way to format links (hover, etc.)