The SEC carried out interviews in recent months about B. Riley and its relationship with Brian Kahn, an unidentified co-conspirator in a US Department of Justice criminal case. — Reuters
WASHINGTON: US authorities are investigating B. Riley Financial Inc’s deals with a key client who was linked to a securities fraud, and the use of his assets to help the investment bank obtain a loan from Nomura Holdings Inc, according to people familiar with the matter.
The US Securities and Exchange Commission (SEC) carried out interviews in recent months about B. Riley and its relationship with Brian Kahn, the people said, requesting anonymity as details aren’t public.
