BRC Group Holdings controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2024
SEC inquiry and reporting weaknesses
Reports described an SEC investigation, while the company’s annual filing disclosed material weaknesses in internal financial reporting controls and revisions to previously reported information.
2023
Wolfpack Research short report
Wolfpack Research alleged that B. Riley had become overleveraged and exposed to borrowers and investments facing substantial default or going-concern risks. The report contributed to a sharp decline in the company’s share price.
2023
Franchise Group and Brian Kahn scrutiny
Public reporting connected the company’s Franchise Group financing and acquisition relationships with Brian Kahn to a securities-fraud investigation. B. Riley later commissioned and disclosed reviews of the relevant transactions.
2020
Wunderlich arbitration dispute
FINRA found Wunderlich Securities liable in a dispute brought by Dominick & Dickerman and Michael Campbell. B. Riley paid nearly $11 million to settle the matter and later litigated indemnification issues with Gary Wunderlich.
1997
SEC record-keeping fine
The SEC fined the company $5,000 for inadequate record-keeping during its early operation.