As noted by 2whiteroses in the Reader Alert comments RILY has dropped 10% today on a short seller report.
I had noted many, many times that RILY held portfolios of real junk–and of course recently we have seen some of their investments go bad (cryto miners).
Of course RILY has many baby bonds and preferreds outstanding which can be seen here.
I invited folks to do a forensic dive into RILY way back in 2019 of course it took years to play out and one could have doubled or tripled there money if they were invested in RILY in the ensuing years–timing is everything. When markets are euphoric no one cares.