B. Riley Financial, Inc. (RILY) is currently under scrutiny for various allegations of misconduct, including securities fraud, stock manipulation, and misleading investors, as highlighted by multiple tweets from users such as AlderLaneEggs and direports. The company, led by Bryant Riley, who is labeled a 'Greedy Pig', is accused of operating as a lender to desperate parties and investing shareholder money in fraudulent activities. Criticisms also extend to the company's management practices, with claims of financial crime, securities law violations, and misuse of corporate assets. An SEC investigation update report sent to clients in March by direports confirmed undisclosed investigative activity at RILY as of March 16, 2024. The situation has also led to a backlash from the Reddit community, with some calling for a reevaluation of RILY's financial statements and business practices.
$RILY @FriendlyBearSA @AureliusValue ; RILY Mgmt think they are playing fast and lose with rules and regulations. Actually financial crime and securities law violations to misreport, mislead, abuse shareholders rights and misuse Corporate assets. In a merger if you issue…
Bryant Riley is a certified dumb ass aka Asshat. Only knows how to burn shareholder value not build. RILY’s balance sheet must be marked to market and restated for these soon to be delisted and or bankrupt public companies: BW, Conn, XELA, SNCR, LILM. Investors also deserve an… https://t.co/IGWGy8Skdc
$RILY latest IPO https://t.co/BIz1Aoo3kA
Another 🚨 $RILY Grand Theft OPEX Friday,, stuffing the Reddit Joe six pack call option buyers/gamblers. Carry on.... @AlderLaneEggs @joe_bananas9 https://t.co/svx7DKw1jF
The $RILY Pedigree, Security Fraud is a Core Competency https://t.co/vXQdy5tjtU
$RILY lied in their Press Release and to @business @FriendlyBearSA https://t.co/t4M6r5NLEB
Happy to help. This is an excerpt from our SEC Investigation Update report sent to clients in March. It shows we found undisclosed SEC investigative activity at $RILY, which was confirmed as ongoing, as of 16-Mar-2024. https://t.co/OmbI0Dc8WN https://t.co/GvhuItCqRu
$RILY handlers have been paid either by their Scum Bag PR Firm or the C-Suite to Carry out their Stock Manipulation scheme @FriendlyBearSA https://t.co/Re78B08olP
$RILY The rest of Reddit has about had it with this fake “movement”. Never even knew a whole community could get banned. Let’s hope for the sake of the few real people it’s also suckered in. @FriendlyBearSA @AlderLaneEggs @ParrotCapital https://t.co/XI0zmX1VEK
This is going to prove problematic for the Fraudsters at $RILY Bryant Riley is a Greedy Pig.. He will gets "his" in Spades @FriendlyBearSA @AureliusValue https://t.co/zQQdPgQkdN
$RILY operates as a related party Lender to those with little or no choice.. Problem is Dumb Ass Bryant invested in these Frauds with Shareholder money.. @FriendlyBearSA https://t.co/OZHrJdJdv5