Hertz sold $29 million in shares before the SEC stopped it from selling even more, despite filing for bankruptcy in May
Published
· Hertz sold $29 million shares before the Securities Exchange Commission stopped it from selling more.
· The car rental company filed for chapter 11 bankruptcy protection in May.
· It initially intended to sell up to $500 million in stock, but the SEC questioned the plan.
· A number of day traders have been piling...