B. Riley Stays Listed on Nasdaq After Winning Another Extension

B. Riley Financial Inc. said Nasdaq gave the firm more time to complete its missing quarterly financial reports, keeping the broker-dealer listed on the stock exchange until it catches up on overdue filings. The shares fell 15% in New York trading.

The exchange ordered B. Riley to file the its second-quarter report with the US Securities and Exchange Commission by Dec. 23, and another for the third quarter by Jan. 20, according to a company filing Wednesday.

The overdue reports have left investors without a clear idea of B. Riley’s finances, and the announcement of the new delays sent the ...