[10][7] In May 2017, B. Riley acquired brokerage company, Wunderlich Securities for $67 million to expand its wealth management business.

[7][11] In November 2018, B. Riley acquired 49% stake of broker-dealer National Holdings Corp from Fortress Biotech for $22.9 million.

As many brick-and-mortar retail stores closed, this gave B. Riley a lot of opportunities to provide liquation services.

In addition, Wolfpack Research stated that 40% of operating companies in B. Riley's portfolio per its Form 13F had going concern issues.

[25][26] On November 13, 2023, shares of B. Riley dropped 35% after it disclosed unrealized investment losses and the fact S&P Global Ratings downgraded Franchise Group to junk status, a firm which it acquired in May 2023 as part of an investor consortium for $2.6 billion.

[24][27] In January 2024, it was reported that the SEC was investigating B. Riley for its connection to the securities fraud case which lead to its stock price declining 10%.

[30] On April 24, 2024, B. Riley filed its annual report after its auditor, Marcum LLP signed it off resulting in shares soaring 61%.

It also noted concerns about the fraud case involving Kahn but stated B. Riley had no ties to it after it redid an internal investigation with the help of Winston & Strawn.

[34] On September 9, 2024, B. Riley outlined preliminary plans to sell assets and renegotiate financings in order to bolster its balance sheet.

The company confirmed that it is in talks to sell a majority stake in Great American Group and that it has a non-binding commitment for financing of its B. Riley and bebe brands businesses.

[34] As of 2022, B. Riley has six operating segments: capital markets, wealth management, auction and liquidation, financial consulting, communications and brands.

[39] In January 2015, Wunderlich Securities acquired New York brokerage firm Dominick & Dickerman in an all-stock acquisition deal worth $8.3 million.

[13] In June 2020, Wunderlich sued B. Riley to confirm his indemnification in the matter and reimbursement for his legal fees in the arbitration.