B. Riley Financial, Inc. (Nasdaq: RILY) (the "Company") announced that the Company has regained compliance with Nasdaq Listing Rule 5250(c)(1) in connection with the filing of its 2023 Annual Report on Form 10-K (the "Annual Report").
Shares of B. Riley Financial (RILY) are jumping after delivering its overdue annual report. The investment bank's auditors, however, cited "material weaknesses in internal control over financial reporting." Yahoo Finance's Josh Lipton and Julie Hyman discuss the news in the video above. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Stephanie Mikulich.
(Bloomberg) -- B. Riley Financial Inc. sent its stock soaring by finally delivering its overdue annual report, which provided fuel both for fans of the boutique investment bank and skeptics who contend its accounting is deeply flawed.Most Read from BloombergBiden’s Gains Against Trump Vanish on Deep Economic Pessimism, Poll ShowsTaylor Swift Is Proof That How We Critique Music Is BrokenTech Giants Hit in Late Hours After Meta’s Outlook: Markets WrapMeta Projects Higher Spending in Deeper Push In