B Riley Financial Hit by Cyber Breach, SEC Probe, and Stock Manipulation Claims

B Riley Financial Inc. ($RILY) faces a series of troubling allegations and incidents, including a cybersecurity breach at subsidiary Targus by a threat actor, accusations of not disclosing an SEC investigation, and criticisms over its portfolio companies. Described as a 'publicly traded dumpster fire' by critics, the cybersecurity incident has raised concerns over the company's transparency and operational security. Additionally, allegations have surfaced about $RILY's financial dealings, including undisclosed transactions worth approximately $300MM with Brian Kahn, and questionable investment decisions by Bryant Riley using shareholder funds. Critics also accuse the company of engaging in stock manipulation schemes with the help of a 'Scum Bag PR Firm', further tarnishing its reputation among investors.