Overview

• B. Riley's stock plummeted over 50% following a profit warning and dividend suspension.
• The SEC's investigation focuses on B. Riley's risk disclosures and ties to former business partner Brian Kahn.
• The firm expects a quarterly loss of up to $475 million due to a writedown of its Franchise Group investment.
• Short sellers have targeted B. Riley, citing concerns over its financial stability and business practices.
• B. Riley's management asserts full cooperation with the SEC and confidence in their internal review findings.