RILY - B. Riley (RILY) Shares Fall After Reports of SEC Investigation Into Ties With Client Allegedly Linked To Securities Fraud - Hagens Berman | Benzinga

SAN FRANCISCO, Jan. 22, 2024 (GLOBE NEWSWIRE) -- Hagens Berman urges B. Riley Financial, Inc. (NASDAQ:RILY) investors who suffered substantial losses to submit your losses now.

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B. Riley Financial, Inc. (NASDAQ:RILY) Investigation:

"We are investigating the accuracy of B. Riley's statements concerning its funding, Franchise Group ("FRG") and knowledge of Brian Kahn's alleged activities," said Reed Kathrein, the Hagens Berman partner leading the firm's investigation.

On Jan. 21, 2024, Reuters reported that "U.S. authorities are investigating B. Riley's deals with a client who was linked to a securities fraud, and the use of his assets to help the investment bank obtain a loan from Nomura Holdings[.]" The report also said, "[t]he SEC has carried out interviews in recent months about B. Riley and its relationship with Brian Kahn[,]" and "SEC officials have been scrutinizing how Kahn ...

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