SEC Investigates Alleged Stock Manipulation Involving B. Riley Financial and $8.00 Price Target for $APLD

The SEC and other federal authorities are aware of alleged stock manipulation involving B. Riley Financial (ticker: $RILY). Accusations have surfaced against individuals and entities associated with B. Riley, including claims of materially false statements and questionable stock price targets. A Minneapolis-based RIA, previously accused of stalking and making false claims about a trader's activities with $RILY, has locked his account. Additionally, B. Riley has been criticized for issuing an $8.00 price target for Applied Digital Corporation ($APLD) shortly before its stock plummeted. There are also allegations of improper handling of portfolio companies and accusations of criminal behavior among paid stock touts associated with B. Riley. John Fichthorn, Carlo Cannell, and Bryant Riley have been mentioned in connection with these allegations.