The AMF Funds are managed, distributed, and advertised by Shay Asset Management, Inc. and were advertised as being designed for financial institutions including banks, savings institutions, and credit unions. Investors were led to believe that the AMF Funds contained high quality assets and a focus on capital preservation. Instead, the AMF Funds invested in speculative structured products that put investor capital at unnecessary risk resulting in substantial losses. The AMF Fund family includes:
- Money Market Fund, Class I Shares – ASLXX
- Adjustable Rate Mortgage (ARM) Fund – ASARX
- Ultra Short Fund – AULTX
- Short U.S. Government Fund – ASITX
- Intermediate Mortgage Fund – ASCPX
- U.S. Government Mortgage Fund – ASMTX
These Funds invested a substantial portion of their assets in high-risk structured products that were highly speculative and illiquid without disclosing these risks to the investing public. The AMF Fund's losses were not caused by a downturn in the economy but instead were caused by a heavy concentration in subordinated tranches of structured products that placed investors in a vulnerable position. Due to the subordinated positions the AMF Funds were invested in the Funds holdings were subject to greater principal risk and illiquidity than their investors were made aware of.
Why Come to Napoli Bern Ripka, LLP?
Napoli Bern Ripka, LLP, has been highly successful in arbitrating claims involving structured products. With numerous FINRA arbitrations filed on behalf of our clients Napoli Bern Ripka, LLP is a recognized leader in advocating for defrauded investors. Napoli Bern Ripka, LLP has been successful in cases involving complex structured products. If you purchased any of the AMF Fund securities and have suffered a financial loss as a result then tell us about your claim.
