B. Riley Financial Inc. experienced a 61% surge after auditors addressed material weaknesses in its annual report.

B. Riley Financial Inc. soared as much as 61% after auditors signed off on its annual report, citing material weaknesses in the company's reporting and some revised data. Marcum LLP, the auditor, stated the weaknesses in internal controls over financial reporting merited an "adverse opinion." Despite the concerns, the company said it found no connection with a controversial former business partner, easing some pressure on its value.

April 24, 2024
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