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0.00194966323998581 -0.000354484225451897 0.00176887628500535 -0.0198511166253101 -0.0606168025522865 -0.033321517192485 -0.00744416873449135 0.033321517192485
Stock impact report

B Riley stock surges after external probe clears executives of suspected misconduct [Reuters]

B. Riley Financial, Inc. (RILY) 
NASDAQ:AMEX Investor Relations: ir.brileyfin.com/investor-relations
Company Research Source: Reuters
time since November, after the investment bank said on Wednesday that an external review had cleared its executives of misconduct allegations. The investigation confirmed findings of an B Riley disclosed in February, which also found no involvement of the company or its executives in the alleged wrongdoing. The company filed its long-delayed annual report with the U.S. Securities and Exchange Commission on Wednesday after missing the deadline in February. Its shares were last trading at $33.48, valuing the company at $1.03 billion compared with $664.3 million on Tuesday. B Riley's investment in Vitamin Shoppe-owner Franchise Group, which was taken private in a management-led buyout in 2023, had invited scrutiny. Bloomberg News reported in November that Franchise Group's former CEO, Brian Kahn, was a co-conspirator in a securities fraud involving Prophecy Asset Management. Kahn has denied the allegations made in the report, saying he never knew that Prophecy Asset was alleg Show less Read more
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