Hertz shares halted after SEC raises issues with plan to sell potentially worthless stock

Hertz shares were halted on Wednesday morning after the Securities and Exchange Commission said it had issues with the company's planned stock offering.
The car-rental chain aims to sell as much as $500 million worth of stock in a fundraising effort, though it has said the shares could become worthless through bankruptcy proceedings.
"We have comments on their disclosure," SEC Chairman Jay Clayton told CNBC on Wednesday, adding that, in most cases, firms with such issues "do not go forward until