B. Riley Financial is reportedly considering a spin-off of its securities business into a separate entity as part of a tentative plan. This move comes amid increasing scrutiny and criticism from shareholders regarding the company's strategy and financial health. Concerns have been raised about the viability of the spin-off, with some analysts suggesting that it may not resolve underlying issues. The company currently faces significant financial liabilities, including $1.5 billion in debt and a potential billion-dollar liability related to a clawback. Observers have expressed skepticism about the effectiveness of this strategy, with suggestions that it may merely obscure deeper problems within the firm. The situation has led to calls for the resignation of Bryant Riley, the company's founder, if the spin-off plan proceeds as reported.