B. Riley and Nomura Entangled in SEC Probe’s Into Crypto Backer: Bloomberg

Based on the report, Kahn has been a “longstanding shopper” of B. Riley, and the financial institution had helped him lead a “administration buyout of Franchise Group, or FRG, a retail firm primarily based in Delaware, Ohio.” Moreover, Nomura, a significant Japanese monetary group, had “led a $600 million lending syndicate for B. Riley to assist finance Kahn’s takeover,” the report mentioned, citing mortgage paperwork.