RILY Faces Fraud Allegations and SEC Scrutiny, Puts Down 33%

Concerns are rising around $RILY with multiple tweets suggesting potential fraud and legal issues. On March 7th, a significant drop in the value of April 19th $7.50 puts to $0.50 was noted, indicating a 33% decrease within the week, suggesting more losses could be in store. Discussions have emerged about the management's conduct, including alleged threats by Andy Moore to employees and accusations against Bryant Riley. There's speculation that $RILY's actions, including Mike Frank leaking MNPI to paid touts, could attract regulatory scrutiny, with mentions of possible investigations by the SEC into the company's practices, including those of Investor Relations head Mike Frank. The situation has prompted calls for transparency and legal compliance, amid warnings to retail investors to avoid involvement with $RILY.