2 ms·
> Regulators asleep at the wheel, while uninformed retail investors are going to be hosed when the bankruptcy finalizes. Anyone buying a company stock after it
by koolba 6y ago
> Regulators asleep at the wheel, while uninformed retail investors are going to be hosed when the bankruptcy finalizes.
Anyone buying a company stock after it has declared bankruptcy is de facto a speculator.
> If they allow this, the investors who lose their money should be able to sue the SEC for negligence.
On what ground? That their get rich quick scheme didn’t pan out?
I think this is down right genius on the part of Hertz.