Bloomberg: Crypto-friendly investment banks B. Riley and Nomura Securities involved in SEC investigation

2024-01-22 17:32:24

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ChainCatcher news, according to Bloomberg, informed sources revealed that U.S. authorities are investigating the investment bank B. Riley Financial Inc. for its transactions with a significant client related to securities fraud, as well as the use of that client's assets to help the investment bank secure loans from Nomura Holdings Inc.

A spokesperson for the U.S. Securities and Exchange Commission declined to comment, noting that the investigation is still in its early stages. The agency's review does not necessarily imply that anyone has engaged in any wrongdoing, nor does it guarantee that legal action will be taken, and Nomura Securities is not the focus of the investigation. A spokesperson for B. Riley stated in an email that they have not received any information from the SEC regarding this matter and that they will fully cooperate if the SEC conducts an investigation.

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U.S. SEC B. Riley Nomura Securities

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