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B. Riley Financial Faces Plunge Amid SEC Investigation

B. Riley shares fall 46% as SEC probes financial disclosures and dividend suspension signals potential risks.

by Mark Eisenberg
Thu, Aug 15, 2024 3:37pm
in Finance
• 2 mins read
14.8k
B. Riley Financial Faces Plunge Amid SEC Investigation | FinOracle

Photo: Finoracle.net

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B. Riley Financial Shares Plummet
Shares of B. Riley Financial (NASDAQ: RILY) took a significant hit, trading down 46% as of 10:30 Eastern, following distressing announcements. The investment firm reported a massive expected loss for the latest quarter and the suspension of its dividend, which has investors deeply concerned.

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