B RIley
What's going on with B Riley? Anyone on the inside have any details on what it's like there right now?
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Based on the most helpful WSO content, here's what you need to know about B. Riley:
If you need more detailed insights or personal experiences, it might be helpful to check out specific threads or discussions on WSO.
Sources: B Riley, Blair, Stifel, Baird, Lincoln - Any Insight?, Baird in 2021 - Hours & Comp?, What the fuck is going on at Barclays, What's going on at JPM?, Anyone know the intern status (ES/JLL/CBRE)?
Monkey bot just absolutely roasting Riley B over here
https://www.morningstar.com/news/marketwatch/20240812100/b-riley-financ…
This article explains most of it.
They were invested in a company (Franchise Group) that was being investigated for, and committed fraud. Then the SEC started looking into B Riley, essentially trying to figure out if B Riley knew about the fraud. That all happened late last year.
Then last week, the SEC decided to expand its investigation into B Riley, while B Riley announced the same day they were pausing dividends. Shares took a shit and now the founder is offering to take them private.
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