Important Notice to Ensemble Fund (ENSBX) Investors: High Concentration of First Republic Assets

If you have lost money in the stock market due to fraud, misrepresentation, negligence, or for other reasons, we can help you. We have successfully recovered over $250 million in FINRA securities arbitrations.*

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Updated on: March 16, 2023

Investors May Pursue Recovery Against Brokers/Advisors That Sold Ensemble Fund To Their Customers

NEW YORK, NY / ACCESSWIRE / March 16, 2023 / National investment loss lawyers KlaymanToskes previously reported that Silicon Valley Bank’s collapse has left the U.S. banking system under pressure, as many other banks, including regional partners of SVB, continue to face shocking stock plunges. First Republic Bank fell nearly 90% from its high, signifying that Ensemble Fund investors may face severe losses as a result of the fund’s concentrated position in First Republic Bank and other financial sector positions.

According to data from Morningstar, Ensemble Fund (MUTF: ENSBX) has $48.6 million in assets, with the highest concentration of its assets in Mastercard Inc. Class A at 8.43%, and Ensemble Fund’s second-highest concentration in First Republic Bank at 7.11%. With over 15% of the mutual fund’s portfolio in the Financial Services sector, investors should remain vigilant of how Ensemble Fund may be affected by what is being called “the largest banking failure since the global financial crisis of 2008.”

Brokerage firms that recommended positions in bank stocks and mutual funds such as Ensemble, may be liable for any investment losses incurred by their customers. FINRA Rule 2111 (Suitability) requires that brokerage firms and financial advisors have a “reasonable basis” for recommending investments or investment strategies to their clients.

If you believe your broker/advisor made unsuitable investment recommendations or may have failed to recommend risk management strategies to protect concentrated or leveraged positions in your account, contact attorney Lawrence L. Klayman, Esq. for a free consultation immediately at 888-997-9956 or lklayman@klaymantoskes.com.

KlaymanToskes takes every case on a contingency basis, meaning we do not collect attorney’s fees unless we are able to obtain a financial recovery for you.

About KlaymanToskes

KlaymanToskes is a leading national securities law firm which practices exclusively in the field of securities arbitration on behalf of retail and institutional investors throughout the world in large and complex securities matters. The firm has recovered over $250 million in FINRA arbitrations and over $350 million in other securities litigation matters. KlaymanToskes has office locations in California, Florida, New York, and Puerto Rico.


KlaymanToskes, P.A.
Lawrence L. Klayman, Esq.