B. Riley Financial receives a non-compliance warning from Nasdaq for delayed annual report filing, linked to a securities fraud investigation.
B. Riley Financial received a non-compliance warning from Nasdaq due to delayed filing of its annual report. Nasdaq has given the company 60 calendar days to submit a plan addressing how it will regain compliance with listing rules. The annual report's delay resulted from a review of the company's transactions with Brian Kahn, who is implicated in securities fraud involving Prophecy Asset Management.
March 22, 2024
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