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IMH Secured Loan Fund

Many investors have sustained losses in the IMH Secured Loan Fund. According to the companies annual report, many of the loans IMH acquired are in default with an outstanding balance of approximately $119 million.

While there appears to be an agreement for the consolidation of the class actions against IMH, it may take upwards of 5 years for investors to redeem their full position.

For investors that are unhappy with the settlement, they may choose to pursue a claim against the Broker-Dealer that recommended the investment to them. Under FINRA rules and regulations, if a Broker-Dealer fails to inform their clients of all the risks related to the investments they solicit, they may be held liable for client losses. Funds such as IMH contain substantial risks which most investors are unaware of.

According to The Securities Law Firm of Menzer & Hill, P.A., may Broker-Dealers are pushing funds like IMH because they are some of the highest commission products they offer.