Bryant Riley, CEO of Rily, Inc. ($RILY), faces scrutiny over alleged financial misconduct, including false disclosures regarding share pledges and a secret $200 million loan linked to a previous debacle involving RCII. Reports indicate that Riley misreported the size of his margin loan, raising concerns about the company's credibility amid overdue financial reports and heavy losses. The U.S. Securities and Exchange Commission (SEC) has charged Carl Icahn and Icahn Enterprises for failing to disclose pledges of company securities as collateral for personal loans, with indications that Riley may also face charges. In a separate development, Rily is reportedly selling part of its Wealth Management business to Stifel Financial Corp. (SF) for an estimated $27 million to $35 million, with around 40 to 50 advisors, managing approximately $3.5 billion to $4.5 billion in assets, expected to transition to Stifel in early 2025.