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B. Riley gets extension to file audited financials
The firm has been given until April 29 under its existing credit agreement with Nomura Holdings, it said in a filing.
B. Riley fails to file audited results
The broker-firm, whose stock has been battered by concerns about its dealings with a former business partner, says it will file 'as soon as reasonably practical.'
B. Riley posts loss, cuts payout
The firm says it will delay filing its annual report, citing a review of transactions with a key client that have drawn attacks by short sellers.
B. Riley client misses payment to investors in collapsed fund
The claim by a trustee overseeing the settlement is the latest twist in the failure of Prophecy Asset Management, where Brian Kahn, a B. Riley client, allegedly ran up massive losses.
Short sellers targeting B. Riley in smear campaign, sources say
Short sellers' claims against B Riley are 'often accompanied by outrageous personal harassment,' the company says.
Franchise Group CEO steps down amid SEC probe
Brian Kahn is exiting as CEO just months after a leveraged buyout of Franchise Group aided by B. Riley Financial.
SEC probes B. Riley deals with client
The agency has carried out interviews about the broker-dealer and its relationship with a key client who was linked to a securities fraud.
B. Riley faces investors after deals, profits, stock go sour
Its shares have plunged by more than half since mid-July, driven by the falling value of its investment holdings and weak M&A markets that led to a $75.8M quarterly loss.
B. Riley retail brokers exposed to deal that’s under pressure
'The brokers are besides themselves, especially the independent brokers,' one source says.
B. Riley nabs Alex. Brown adviser managing $325 million
Jay Murphy joins wealth management office in Boston financial district as a senior managing director of investments.
National Securities shuts down after 75 years, reps rolled into B. Riley
B. Riley Financial had purchased a large stake in National Securities Corp.'s parent in 2018 and bought the remaining shares last year.
Finra hits National Securities with $9 million penalty
The regulator sanctioned the broker-dealer for violations related to its marketing of securities it had underwritten and failings related to sales of GPB private placements.
Texas rep managing $265 million joins LPL from B. Riley
Michael Gavett is moving to Linsco, the employee unit of LPL, in Dallas.
Broker-dealer M&A shows signs of life in 2021
The acquisition market for broker-dealers looks like it is perking up as broker-dealer networks owned by private equity managers continue to hunt for assets. Year-to-date there have been four broker-dealer transactions totaling $65 billion in assets.
