B. Riley Accused of Security Fraud, Faces Delisting After March 18 Notice

B. Riley Financial, Inc. (RILY) is facing allegations of security fraud and potential delisting from Nasdaq after failing to disclose a delinquency notice reportedly received on March 18. Accusations target Mike Frank, IR Flack, and Randy Paulson, Chair of the Audit Committee, for manipulating the stock. Critics, highlighting the materiality of the nondisclosure, foresee a 'HEAVY HEAVY PRICE' for the company. Claims have emerged of insider information being shared with a 21-year-old investor with a $40k position, allegedly to manipulate stock prices. The controversy implicates key figures, including Bryant Riley and Brian Kahn, with the public and regulatory bodies calling for accountability.