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B. RILEY STRUGGLES TO VALUE ITS ASSETS AS SEC STEPS UP SCRUTINY

 * Misses financial filing deadline for third straight quarter
 * SEC inquiry looks at whether investors got accurate picture

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Bryant RileyPhotographer: Jon Kopaloff/Getty Images
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By David Voreacos
August 13, 2024 at 12:34 AM GMT+2
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B. Riley Financial Inc., the embattled investment firm, is struggling to value
its assets after months of concern about flawed accounting and a federal
investigation culminated in a 52% one-day plunge.

The investment firm late Monday said it couldn’t file its quarterly report with
regulators on time, promising only that it would file “as promptly as
practical.” The delay, it said, was due to problems in valuing its loans and
investments — similar to a weakness auditors identified in April in the
company’s annual report.

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