Why Is B. Riley Financial (RILY) Stock Down 13% Today?

B. Riley Financial (NASDAQ:RILY) stock is falling on Monday after the company delayed its Form 10-K for 2023.A Form 12b-25 filing with the Securities and Exchange Commission (SEC) reveals that the company couldn’t have the filing ready by the Feb. 29 cutoff date. It contributes the delay one main factor.The first is an ongoing review by the B. Riley Financial Board of Directors’ Audit Committee. The group is also working with outside counsel on this review.This review concerns transactions between B. Riley ...