B. Riley Financial Inc. (RILY) stock has taken a significant hit this week, plummeting over 50% on Monday and continuing to decline on Tuesday. This comes after the company delayed its quarterly financial results due to an investigation by the U.S. Securities and Exchange Commission (SEC) into whether B. Riley properly disclosed risks associated with some of its assets. The SEC’s investigation, which includes scrutiny of B. Riley’s investment in Franchise Group Inc. (FRG), has fueled concerns about the company’s financial health and prompted harsh criticism from short sellers.