SEC FORM 13F-HR

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F COVER PAGE

OMB APPROVAL
OMB Number: 3235-0006
Expires: July 31, 2015
Estimated average burden
hours per response: 23.8

Report for the Calendar Year or Quarter Ended: 06-30-2019
Check here if Amendment    Amendment Number:
This Amendment (Check only one.):    is a restatement.
   adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: B. Riley Financial, Inc.
Address: 21255 Burbank Blvd.
Suite 400
Woodland Hills, CA  91367
Form 13F File Number: 028-17148

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

Person Signing this Report on Behalf of Reporting Manager:
Name: Michael Markunas
Title: Chief Compliance Officer
Phone: 310-689-2220
Signature, Place, and Date of Signing:
/s/ Michael Markunas Los AngelesCA 08-12-2019
[Signature] [City, State] [Date]
Report Type (Check only one.):
X 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.)
   13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).)
   13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)
Form 13F Summary Page
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 46
Form 13F Information Table Value Total: 208,005
(thousands)
List of Other Included Managers:
Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.
[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]
NONE

SEC FORM 13-F Information Table

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE

OMB APPROVAL
OMB Number: 3235-0006
Expires: July 31, 2015
Estimated average burden
hours per response: 23.8

COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
A10 NETWORKS INC COM 002121101 512 75,000 SH   DFND   75,000 0 0
AEHR TEST SYSTEMS COM 00760J108 721 436,932 SH   DFND   436,932 0 0
ANAVEX LIFE SCIENCES CORP COM NEW 032797300 81 24,000 SH   DFND   24,000 0 0
APHRIA INC COM 03765K104 176 25,000 SH   DFND   25,000 0 0
BBX CAP CORP NEW CL A 05491N104 491 100,000 SH   DFND   100,000 0 0
B RILEY PRINCIPAL MERGER COR *W EXP 04/08/202 05586Y114 11 24,200 SH   DFND   24,200 0 0
B RILEY PRINCIPAL MERGER COR UNIT 99/99/9999 05586Y205 4,616 462,500 SH   DFND   462,500 0 0
BABCOCK & WILCOX ENTERPRIS I COM 05614L100 3,741 10,908,713 SH   DFND   10,908,713 0 0
CSI COMPRESSCO LP COM UNIT 12637A103 1,343 379,325 SH   DFND   379,325 0 0
DESTINATION XL GROUP INC COM 25065K104 48 27,000 SH   DFND   27,000 0 0
FINJAN HLDGS INC COM NEW 31788H303 111 50,000 SH   DFND   50,000 0 0
FINTECH ACQUISITION CORP III UNIT 12/01/2023 31811A309 535 50,000 SH   DFND   50,000 0 0
FRANCESCAS HLDGS CORP COM 351793104 10 20,000 SH   DFND   20,000 0 0
HC2 HLDGS INC COM 404139107 9,947 4,214,730 SH   DFND   4,214,730 0 0
HF FOODS GROUP INC COM 40417F109 313 9,000 SH   DFND   9,000 0 0
HEALTH INS INNOVATIONS INC COM CL A 42225K106 9,788 377,608 SH   DFND   377,608 0 0
HESS MIDSTREAM PARTNERS LP UNIT LTD PR INT 428104103 873 44,768 SH   DFND   44,768 0 0
HORIZON GLOBAL CORP NOTE 2.750% 7/0 44052WAA2 71 116,000 PRN   DFND   116,000 0 0
IMMERSION CORP COM 452521107 285 37,500 SH   DFND   37,500 0 0
INDEPENDENCE CONTRACT DRIL I COM 453415309 55 35,000 SH   DFND   35,000 0 0
ISHARES TR RUSSELL 2000 ETF 464287655 54,425 350,000 SH Put DFND   350,000 0 0
KVH INDS INC COM 482738101 272 25,000 SH   DFND   25,000 0 0
LONESTAR RES US INC CL A VTG 54240F103 4,543 1,983,991 SH   DFND   1,983,991 0 0
NATIONAL HOLDINGS CORP COM NEW 636375206 16,692 6,159,550 SH   DFND   6,159,550 0 0
NET 1 UEPS TECHNOLOGIES INC COM NEW 64107N206 2,114 528,600 SH   DFND   528,600 0 0
RANGE RES CORP COM 75281A109 2,792 400,000 SH   DFND   400,000 0 0
RANGER ENERGY SVCS INC COM CL A 75282U104 5,524 686,266 SH   DFND   686,266 0 0
REALNETWORKS INC COM NEW 75605L708 95 50,000 SH   DFND   50,000 0 0
RED ROBIN GOURMET BURGERS IN COM 75689M101 6,673 218,301 SH   DFND   218,301 0 0
RUBICON PROJ INC COM 78112V102 3,746 589,055 SH   DFND   589,055 0 0
SANOFI RIGHT 12/31/2020 80105N113 126 241,405 SH   DFND   241,405 0 0
SELECT INTERIOR CONCEPTS INC CL A 816120307 35,723 3,066,351 SH   DFND   3,066,351 0 0
SERVICESOURCE INTL INC COM 81763U100 105 110,000 SH   DFND   110,000 0 0
SONIM TECHNOLOGIES INC COM 83548F101 28,168 2,212,743 SH   DFND   2,212,743 0 0
TALLGRASS ENERGY LP CLASS A SHS 874696107 270 12,776 SH   DFND   12,776 0 0
TESLA INC COM 88160R101 3,352 15,000 SH Put DFND   15,000 0 0
THESTREET INC COM NEW 88368Q202 2,086 340,363 SH   DFND   340,363 0 0
TIVO CORP COM 88870P106 184 25,000 SH   DFND   25,000 0 0
TRAVELCENTERS AMER LLC COM 894174101 362 100,000 SH   DFND   100,000 0 0
TUESDAY MORNING CORP COM NEW 899035505 505 299,000 SH   DFND   299,000 0 0
VANECK VECTORS ETF TR SEMICONDUCTOR ET 92189F676 1,102 10,000 SH Put DFND   10,000 0 0
VERB TECHNOLOGY CO INC COM 92337U104 101 50,578 SH   DFND   50,578 0 0
VITAMIN SHOPPE INC COM 92849E101 3,964 1,006,000 SH   DFND   1,006,000 0 0
VITAMIN SHOPPE INC NOTE 2.250%12/0 92849EAB7 176 200,000 PRN   DFND   200,000 0 0
REPLAY ACQUISITION CORP COM G75130107 976 99,900 SH   DFND   99,900 0 0
GLOBAL SHIP LEASE INC NEW COM CL A Y27183600 201 27,239 SH   DFND   27,239 0 0