B. Riley and Nomura entangled in SEC investigation into cryptocurrency sponsors: Bloomberg

According to the report, Kahn has been a “long-time client” of B. Riley and the bank helped him lead “the management buyout of Franchise Group (FRG), a retail company headquartered in Delaware, Ohio.” Additionally, Nomura, a major Japanese financial group, “led a $600 million loan syndicate to B. Riley to finance Khan’s acquisition,” the report said, citing loan documents. It was revealed.