Reported 2 months ago
B. Riley Financial Inc. is facing an expanding investigation by the U.S. Securities and Exchange Commission regarding its financial disclosures amid recent losses and a plummeting stock price. The inquiry focuses on whether the company accurately conveyed risks associated with its assets and examines links between founder Bryant Riley and former Franchise Group CEO Brian Kahn. The scrutiny comes as B. Riley reports significant financial challenges, including losses and a suspension of dividends, all in the context of broader legal issues and company restructuring.
Source: YAHOO