B. Riley Financial is reportedly in talks to sell its wealth management unit to Stifel, according to Reuters. The company is facing significant financial challenges, with allegations of insolvency and inability to cover debt obligations to Nomura. There are concerns about the company's financial stability, including the depletion of its revolver and the need to maintain $60 million in cash on hand. Additionally, there are accusations of fraudulent conveyance involving $1.2B secured debtors and insider trading involving key figures such as Bryant Riley, Brian Kahn, and Jeremy Nowak. Some believe the sale might require a BK process to cleanse liabilities.