| U.S.      SECURITIES AND EXCHANGE COMMISSION                                                                     |
|------------------------------------------------------------------------------------------------------------------|
| Washington,      D.C. 20549                                                                                      |
|                                                                                                             |
| FORM      10-Q                                                                                                   |
|                                                                                                             |
|  x QUARTERLY REPORT      PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF      1934        |
|                                                                                                             |
| For      the quarterly period ended March 31, 2009                                                               |
|                                                                                                             |
| o  TRANSITION      REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF      1934  |
| For      the transition period from                                                                              |
|                                                                                                             |
|                                                                                                             |
| Commission      File No. 000-52685                                                                               |
|                                                                                                             |
| AFH Holding II, Inc.                                                                                             |
| (Name      of registrant in its charter)                                                                         |

|   |                                 |                        |   |
|--------|--------------------------------------|-----------------------------|--------|
|   | Delaware                             | 26-1364883                  |   |
|   |                                 |                        |   |
|   | (State      or other jurisdiction of | (I.R.S.      employer       |   |
|   | incorporation      or formation)     | identification      number) |   |

|                                                                                         |           |
|----------------------------------------------------------------------------------------------|----------------|
| Issuer’s      telephone number:                                                        | (310) 300-3431 |
|                                                                                         |           |
| N/A                                                                                          |
|                                                                                         |
| (Former      name, former address and former fiscal year, if changed since last      report) |

----

| Item      1. | Financial      Statements. |
|--------------|----------------------------|

| FINANCIAL      REPORTS |
|------------------------|
| AT                     |
| MARCH      31, 2009    |

----

----

| Report      of Independent Registered Public Accounting Firm                                     | 1      |
|--------------------------------------------------------------------------------------------------|--------|
|                                                                                             |   |
| Balance      Sheets at March 31, 2009 (Unaudited) and December 31, 2008                          | 2      |
|                                                                                             |   |
| Statement      of Changes in Stockholder’s Deficit for the Period                          |   |
|   from      Date of Inception (April 16, 2007) through March 31, 2009      (Unaudited) | 3      |
|                                                                                             |   |
| Statements      of Operations for the Three Months Ended March 31, 2009                          |   |
|  and      2008 and for the Period from Date of Inception (April 16,      2007)              |   |
|  through      March 31, 2009 (Unaudited)                                                    | 4      |
|                                                                                             |   |
| Statements      of Cash Flows for the Three Months Ended March 31, 2009                          |   |
|  and      2008 and for the Period from Date of Inception (April 16,      2007)              |   |
|  through      March 31, 2009 (Unaudited)                                                    | 5      |
|                                                                                             |   |
| Notes      to Financial Statements                                                               | 6-8    |

----

| AFH HOLDING II, INC.                                                                                                                                                                                                    |   |           |    |   |              |   |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|----------------|---------|--------|-------------------|--------|
| (A      DEVELOPMENT STAGE COMPANY)                                                                                                                                                                                      |   |           |    |   |              |   |
| (A      DELAWARE CORPORATION)                                                                                                                                                                                           |   |           |    |   |              |   |
| Beverly      Hills, CA                                                                                                                                                                                                  |   |           |    |   |              |   |
|                                                                                                                                                                                                                    |   |           |    |   |              |   |
|                                                                                                                                                                                                                    |   |           |    |   |              |   |
| BALANCE      SHEETS                                                                                                                                                                                                     |   |           |    |   |              |   |
|                                                                                                                                                                                                                    |   |           |    |   |              |   |
|                                                                                                                                                                                                                    |   | (Unaudited)    |    |   |              |   |
|                                                                                                                                                                                                                    |   | March      31, |    |   | December      31, |   |
|                                                                                                                                                                                                                    |   | 2009           |    |   | 2008              |   |
|                                                                                                                                                                                                                    |   |           |    |   |              |   |
| ASSETS                                                                                                                                                                                                                  |   | $              | — |   |              | $      | — |   |
|                                                                                                                                                                                                                    |   |           |    |   |              |   |   |   |
| LIABILITIES      AND STOCKHOLDER'S DEFICIT                                                                                                                                                                              |   |           |    |   |              |   |   |   |
|                                                                                                                                                                                                                    |   |           |    |   |              |   |   |   |
| Liabilities                                                                                                                                                                                                             |   |           |    |   |              |   |   |   |
| Accrued      Expenses                                                                                                                                                                                                   |   | $              | 2,250   |   |              | $      | 1,000 |   |
| Due      to Parent                                                                                                                                                                                                      |   |           | 1,750   |   |              |   | 1,750 |   |
|                                                                                                                                                                                                                    |   |           |    |   |              |   |   |   |
| Total      Liabilities                                                                                                                                                                                                  |   |           | 4,000   |   |              |   | 2,750 |   |
|                                                                                                                                                                                                                    |   |           |    |   |              |   |   |   |
| Stockholder's      Deficit                                                                                                                                                                                              |   |           |    |   |              |   |   |   |
| Preferred      Stock:  $.001 Par; 20,000,000 Shares Authorized,                                                                                                                                               |   |           |    |   |              |   |   |   |
|                             -0-      Issued and Outstanding                 |   |           | — |   |              |   | — |   |
| Common      Stock:  $.001 Par; 100,000,000 SharesAuthorized;                                                                                                                                                  |   |           |    |   |              |   |   |   |
|                             5,000,000      Issued and 1,500,000 Outstanding |   |           | 5,000   |   |              |   | 5,000 |   |
| Additional      Paid-In-Capital                                                                                                                                                                                         |   |           | 11,021  |   |              |   | 11,021 |   |
| Deficit      Accumulated During Development Stage                                                                                                                                                                       |   |           | (11,271 | )      |              |   | (10,021 | ) |
| Treasury      Stock - 3,500,000 Shares at Cost, $.0025                                                                                                                                                                  |   |           | (8,750  | )      |              |   | (8,750 | ) |
|                                                                                                                                                                                                                    |   |           |    |   |              |   |   |   |
| Total      Stockholder's Deficit                                                                                                                                                                                        |   |           | (4,000  | )      |              |   | (2,750 | ) |
|                                                                                                                                                                                                                    |   |           |    |   |              |   |   |   |
| Total      Liabilities and Stockholder's Deficit                                                                                                                                                                        |   | $              | — |   |              | $      | — |   |
|                                                                                                                                                                                                                    |   |           |    |   |              |   |   |   |

----

| AFH      HOLDING II, INC.                                                       |   |              |      |   |       |   |    |    |   |   |        |   |   |     |    |   |          |   |
|---------------------------------------------------------------------------------|--------|-------------------|-----------|--------|------------|--------|---------|---------|--------|--------|-------------|--------|--------|----------|---------|--------|---------------|--------|
| (A      DEVELOPMENT STAGE COMPANY)                                              |   |              |      |   |       |   |    |    |   |   |        |   |   |     |    |   |          |   |
| (A      DELAWARE CORPORATION)                                                   |   |              |      |   |       |   |    |    |   |   |        |   |   |     |    |   |          |   |
| Beverly      Hills, CA                                                          |   |              |      |   |       |   |    |    |   |   |        |   |   |     |    |   |          |   |
|                                                                            |   |              |      |   |       |   |    |    |   |   |        |   |   |     |    |   |          |   |
|                                                                            |   |              |      |   |       |   |    |    |   |   |        |   |   |     |    |   |          |   |
| STATEMENTS      OF CHANGES IN STOCKHOLDER'S DEFICIT FOR THE PERIOD FROM         |   |              |      |   |       |   |    |    |   |   |
| DATE      OF INCEPTION (APRIL 16, 2007) THROUGH MARCH 31, 2009 -      UNAUDITED |   |              |      |   |       |   |    |    |   |   |
|                                                                            |   |              |      |   |       |   |    |    |   |   |        |   |   |     |    |   |          |   |
|                                                                            |   |              |      |   |       |   |    |    |   |   | Deficit     |   |   |     |    |   |          |   |
|                                                                            |   |              |      |   |       |   |    |    |   |   | Accumulated |   |   |     |    |   |          |   |
|                                                                            |   | Common      Stock |      |   | Additional |   |    | During  |   |   |        |   |   | Total    |    |
|                                                                            |   | Number            |      |   |       |   |    | Paid-In |   |   | Development |   |   | Treasury |    |   | Stockholder's |   |
|                                                                            |   | of      Shares    |      |   | Value      |   |    | Capital |   |   | Stage       |   |   | Stock    |    |   | Deficit       |   |
|                                                                            |   |              |      |   |       |   |    |    |   |   |        |   |   |     |    |   |          |   |
| Balance      - April 16, 2007                                                   |   |              | —   |   |       | $      | — |    |   | $      | —     |   |   | $        | — |   |          | $      | — |   |   | $ | — |   |
|                                                                            |   |              |      |   |       |   |    |    |   |   |        |   |   |     |    |   |          |   |   |   |   |   |   |   |
| Common      Stock Issued in Lieu of Services                                    |   |              | 5,000,000 |   |       |   | 5,000   |    |   |   | —     |   |   |     | — |   |          |   | — |   |   |   | 5,000 |   |
|                                                                            |   |              |      |   |       |   |    |    |   |   |        |   |   |     |    |   |          |   |   |   |   |   |   |   |
| Contributed      Capital for Services                                           |   |              | —   |   |       |   | — |    |   |   | 2,271       |   |   |     | — |   |          |   | — |   |   |   | 2,271 |   |
|                                                                            |   |              |      |   |       |   |    |    |   |   |        |   |   |     |    |   |          |   |   |   |   |   |   |   |
| Purchase      of Treasury Stock                                                 |   |              | —   |   |       |   | — |    |   |   | —     |   |   |     | — |   |          |   | (12,500 | ) |   |   | (12,500 | ) |
|                                                                            |   |              |      |   |       |   |    |    |   |   |        |   |   |     |    |   |          |   |   |   |   |   |   |   |
| Sale      of Treasury Stock                                                     |   |              | —   |   |       |   | — |    |   |   | 8,750       |   |   |     | — |   |          |   | 3,750 |   |   |   | 12,500 |   |
|                                                                            |   |              |      |   |       |   |    |    |   |   |        |   |   |     |    |   |          |   |   |   |   |   |   |   |
| Net      Loss                                                                   |   |              | —   |   |       |   | — |    |   |   | —     |   |   |     | (10,021 | )      |          |   | — |   |   |   | (10,021 | ) |
|                                                                            |   |              |      |   |       |   |    |    |   |   |        |   |   |     |    |   |          |   |   |   |   |   |   |   |
| Balance      - December 31, 2008                                                |   |              | 5,000,000 |   |       |   | 5,000   |    |   |   | 11,021      |   |   |     | (10,021 | )      |          |   | (8,750 | ) |   |   | (2,750 | ) |
|                                                                            |   |              |      |   |       |   |    |    |   |   |        |   |   |     |    |   |          |   |   |   |   |   |   |   |
| Net      Loss                                                                   |   |              | —   |   |       |   | — |    |   |   | —     |   |   |     | (1,250  | )      |          |   | — |   |   |   | (1,250 | ) |
|                                                                            |   |              |      |   |       |   |    |    |   |   |        |   |   |     |    |   |          |   |   |   |   |   |   |   |
| Balance      - March 31, 2009                                                   |   |              | 5,000,000 |   |       | $      | 5,000   |    |   | $      | 11,021      |   |   | $        | (11,271 | )      |          | $      | (8,750 | ) |   | $ | (4,000 | ) |

----

| AFH      HOLDING II, INC.                       |   |                            |      |   |                  |   |      |                   |   |
|-------------------------------------------------|--------|---------------------------------|-----------|--------|-----------------------|--------|-----------|------------------------|--------|
| (A      DEVELOPMENT STAGE COMPANY)              |   |                            |      |   |                  |   |      |                   |   |
| (A      DELAWARE CORPORATION)                   |   |                            |      |   |                  |   |      |                   |   |
| Beverly      Hills, CA                          |   |                            |      |   |                  |   |      |                   |   |
|                                            |   |                            |      |   |                  |   |      |                   |   |
|                                            |   |                            |      |   |                  |   |      |                   |   |
| STATEMENTS      OF OPERATIONS - UNAUDITED       |   |                            |      |   |                  |   |      |                   |   |
|                                            |   |                            |      |   |                  |   |      |                   |   |
|                                            |   |                            |      |   |                  |   |      | Period      From       |   |
|                                            |   |                            |      |   |                  |   |      | Date      of Inception |   |
|                                            |   | For      the Three Months Ended |      |   | (April      16, 2007) |   |
|                                            |   | March      31,                  |      |   | Through               |   |
|                                            |   | 2009                            |      |   | 2008                  |   |      | March      31, 2009    |   |
|                                            |   |                            |      |   |                  |   |      |                   |   |
|                                            |   |                            |      |   |                  |   |      |                   |   |
| Revenues                                        |   | $                               | —   |   |                  | $      | —   |                   |   | $ | — |   |
|                                            |   |                            |      |   |                  |   |      |                   |   |   |   |   |
| Expenses                                        |   |                            |      |   |                  |   |      |                   |   |   |   |   |
| General      and Administrative                 |   |                            | 1,250     |   |                  |   | —   |                   |   |   | 11,271 |   |
|                                            |   |                            |      |   |                  |   |      |                   |   |   |   |   |
| Total      Expenses                             |   | $                               | 1,250     |   |                  | $      | —   |                   |   | $ | 11,271 |   |
|                                            |   |                            |      |   |                  |   |      |                   |   |   |   |   |
| Net      Loss                                   |   | $                               | (1,250    | )      |                  | $      | —   |                   |   | $ | (11,271 | ) |
|                                            |   |                            |      |   |                  |   |      |                   |   |   |   |   |
| Loss      per Share - Basic and Diluted         |   | $                               | (0.00     | )      |                  | $      | (0.00     | )                      |   | $ | (0.00 | ) |
|                                            |   |                            |      |   |                  |   |      |                   |   |   |   |   |
| Weighted      Average Common Shares Outstanding |   |                            | 1,500,000 |   |                  |   | 1,500,000 |                   |   |   | 2,531,425 |   |

----

| AFH HOLDING II, INC.                                                        |   |                            |    |   |                  |   |    |                   |   |
|-----------------------------------------------------------------------------|--------|---------------------------------|---------|--------|-----------------------|--------|---------|------------------------|--------|
| (A      DEVELOPMENT STAGE COMPANY)                                          |   |                            |    |   |                  |   |    |                   |   |
| (A      DELAWARE CORPORATION)                                               |   |                            |    |   |                  |   |    |                   |   |
| Beverly      Hills, CA                                                      |   |                            |    |   |                  |   |    |                   |   |
|                                                                        |   |                            |    |   |                  |   |    |                   |   |
|                                                                        |   |                            |    |   |                  |   |    |                   |   |
| STATEMENTS      OF CASH FLOWS - UNAUDITED                                   |   |                            |    |   |                  |   |    |                   |   |
|                                                                        |   |                            |    |   |                  |   |    |                   |   |
|                                                                        |   |                            |    |   |                  |   |    | Period      From       |   |
|                                                                        |   |                            |    |   |                  |   |    | Date      of Inception |   |
|                                                                        |   | For      the Three Months Ended |    |   | (April      16, 2007) |   |
|                                                                        |   | March      31,                  |    |   | Through               |   |
|                                                                        |   | 2009                            |    |   | 2008                  |   |    | March      31, 2009    |   |
|                                                                        |   |                            |    |   |                  |   |    |                   |   |
| Cash      Flows from Operating Activities                                   |   |                            |    |   |                  |   |    |                   |   |
|                                                                        |   |                            |    |   |                  |   |    |                   |   |
| Net      Loss                                                               |   | $                               | (1,250  | )      |                  | $      | — |                   |   | $ | (11,271 | ) |
|                                                                        |   |                            |    |   |                  |   |    |                   |   |   |   |   |
| Non      Cash Adjustments:                                                  |   |                            |    |   |                  |   |    |                   |   |   |   |   |
| Common      Stock Issued in Lieu of Services                                |   |                            | — |   |                  |   | — |                   |   |   | 5,000 |   |
| Contributed      Capital for Services                                       |   |                            | — |   |                  |   | — |                   |   |   | 2,271 |   |
|                                                                        |   |                            |    |   |                  |   |    |                   |   |   |   |   |
| Changes      in Assets and Liabilities:                                     |   |                            |    |   |                  |   |    |                   |   |   |   |   |
| Accrued      Expenses                                                       |   |                            | 1,250   |   |                  |   | — |                   |   |   | 2,250 |   |
|                                                                        |   |                            |    |   |                  |   |    |                   |   |   |   |   |
| Net      Cash Flows from Operating Activities                               |   |                            | — |   |                  |   | — |                   |   |   | (1,750 | ) |
|                                                                        |   |                            |    |   |                  |   |    |                   |   |   |   |   |
| Net      Cash Flows from Investing Activities                               |   |                            | — |   |                  |   | — |                   |   |   | — |   |
|                                                                        |   |                            |    |   |                  |   |    |                   |   |   |   |   |
| Cash      Flows from Financing Activities                                   |   |                            |    |   |                  |   |    |                   |   |   |   |   |
| Cash      Advance by Parent                                                 |   |                            | — |   |                  |   | — |                   |   |   | 1,750 |   |
|                                                                        |   |                            |    |   |                  |   |    |                   |   |   |   |   |
| Net      Change in Cash and Cash Equivalents                                |   |                            | — |   |                  |   | — |                   |   |   | — |   |
|                                                                        |   |                            |    |   |                  |   |    |                   |   |   |   |   |
| Cash      and Cash Equivalents - Beginning of Period                        |   |                            | — |   |                  |   | — |                   |   |   | — |   |
|                                                                        |   |                            |    |   |                  |   |    |                   |   |   |   |   |
| Cash      and Cash Equivalents - End of Period                              |   | $                               | — |   |                  | $      | — |                   |   | $ | — |   |
|                                                                        |   |                            |    |   |                  |   |    |                   |   |   |   |   |
| Supplemental      Disclosure of Non-Cash Investing and Financing Activities |   |                            |    |   |                  |
| Purchase      of Treasury Stock                                             |   |                            | — |   |                  |   | — |                   |   |   | (12,500 | ) |
| Sale      of Treasury Stock                                                 |   |                            | — |   |                  |   | — |                   |   |   | 12,500 |   |
|                                                                        |   |                            |    |   |                  |   |    |                   |   |   |   |   |
| Cash      Paid During the Period for:                                       |   |                            |    |   |                  |   |    |                   |   |   |   |   |
| Interest                                                                    |   | $                               | — |   |                  | $      | — |                   |   | $ | — |   |
| Income      Taxes                                                           |   | $                               | — |   |                  | $      | — |                   |   | $ | — |   |

----

----

|   | AFH      Holding II, Inc., a development stage company (the “Company”), was      incorporated under the laws of the State of Delaware on April 16,      2007.  The Company is 100% owned by AFH Holding & Advisory,      LLC.  The financial statements presented represent only those      transactions of AFH Holding II, Inc.  The Company is looking to      acquire an existing company or acquire the technology to begin      operations. |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | As      a blank check company, the Company’s business is to pursue a business      combination through acquisition, or merger with, an existing company. As      of the date of the financial statements, the Company is not conducting      negotiations with any target business. No assurances can be given that the      Company will be successful in locating or negotiating with any target      company. |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Since      inception, the Company has been engaged in organizational      efforts. |
|--------|------------------------------------------------------------------------------------|

|   | The      condensed financial statements of AFH Holding II, Inc., (the “Company”)      included herein have been prepared by the Company, without audit, pursuant      to the rules and regulations of the Securities and Exchange Commission      (the “SEC”).  Certain information and footnote disclosures      normally included in financial statements prepared in conjunction with      generally accepted accounting principles have been condensed or omitted      pursuant to such rules and regulations, although the Company believes that      the disclosures are adequate to make the information presented not      misleading. These condensed financial statements should be read in      conjunction with the annual audited financial statements and the notes      thereto included in the Company’s registration statement on Form 10-SB,      and other reports filed with theSEC. |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | The      accompanying unaudited interim financial statements reflect all      adjustments of a normal and recurring nature which are, in the opinion of      management, necessary to present fairly the financial position, results of      operations and cash flows of the Company for the interim periods      presented.  The results of operations for these periods are not      necessarily comparable to, or indicative of, results of any other interim      period or for the fiscal year taken as a whole.  Certain      information that is not required for interim financial reporting purposes      has been omitted. |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Method      of Accounting |
|--------|---------------------------|

|   | The      Company maintains its books and prepares its financial statements on the      accrual basis of accounting. |
|--------|---------------------------------------------------------------------------------------------------------------------|

----

----

|   | Development      Stage |
|--------|------------------------|

|   | The      Company has operated as a development stage enterprise since its inception      by devoting substantially all of its efforts to financial planning,      raising capital, research and development, and developing markets for its      services.  The Company prepares its financial statements in      accordance with the requirements of Statement of Financial Accounting      Standards No. 7, “Accounting and Reporting by Development Stage      Enterprises.” |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Loss      Per Common Share |
|--------|----------------------------|

|   | Loss      per common share is computed in accordance with Statement of Financial      Accounting Standards No. 128, “Earnings Per Share,” by dividing income      (loss) available to common stockholders by weighted average number of      common shares outstanding for each period.  Diluted earnings per      share includes the dilutive effect of any stock options or warrants, if      any. |
|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Use      of Estimates |
|--------|-----------------------|

|   | The      preparation of financial statements in conformity with generally accepted      accounting principles requires management to make estimates and      assumptions that affect the reported amounts of assets and liabilities and      disclosure of contingent assets and liabilities at the date of the      financial statements and the reported amounts of revenues and expenses      during the reporting period.  Actual results can differ from      those estimates. |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | -      continued - |
|--------|--------------------|

----

----

|   | The      Company’s continued existence is dependent upon its ability to raise      capital or acquire a marketable company. The financial statements do not      include any adjustments that might be necessary should the Company be      unable to continue as a goingconcern. |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Due      to parent represents cash advances from AFH Holding & Advisory      LLC.  AFH Holding & Advisory LLC is the sole stockholder of      the Company. There are no repaymentterms. |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| Item      2. | Management’s      Discussion and Analysis or Plan ofOperation. |
|--------------|----------------------------------------------------------------------|

----

| Item      3. | Quantitative      and qualitative Disclosures About Market Risk  |
|--------------|-----------------------------------------------------------------------|

| Item      4.  | Controls      and Procedures |
|--------------------|------------------------------|

----

|                                 |                                                              |
|--------------------------------------|-------------------------------------------------------------------|
| Item      1.                         | Legal      Proceedings.                                           |
|                                 |                                                              |
| None.                                |                                                              |
|                                 |                                                              |
| Item      2.                         | Unregistered      Sales of Equity Securities and Use of Proceeds. |
|                                 |                                                              |
| None.                                |                                                              |
|                                 |                                                              |
| Item      3.                         | Defaults      Upon Senior Securities.                             |
|                                 |                                                              |
| None.                                |                                                              |
|                                 |                                                              |
| Item      4.                         | Submission      of Matters to a Vote of Security Holders.         |
|                                 |                                                              |
| None.                                |                                                              |
|                                 |                                                              |
| Item      5.                         | Other      Information.                                           |
|                                 |                                                              |
| None.                                |                                                              |
|                                 |                                                              |
| Item      6.     | Exhibits                                                          |

| 3.1    |   | Certificate      of Incorporation, as filed with the Delaware Secretary of State on April      16, 2007 (1)                                                                                            |
|--------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |   |                                                                                                                                                                                                   |
| 3.2    |   | By-Laws      (1)                                                                                                                                                                                       |
|   |   |                                                                                                                                                                                                   |
| 10.1   |   | Stock      Redemption Agreement dated November 13, 2007 by and between AFH Holding      II, Inc., a Delaware Corporation, and Lauren Scott (2)                                                         |
|   |   |                                                                                                                                                                                                   |
| 10.2   |   | Stock      Purchase Agreement dated November 13, 2007 by and between AFH Holding II,      Inc., a Delaware corporation, and AFH Holding and Advisory, LLC, a Nevada      limited liability company (2) |
|   |   |                                                                                                                                                                                                   |
| 31.1   |   | Certification      by Chief Executive Officer pursuant to Sarbanes-Oxley Section      302*                                                                                                             |
|   |   |                                                                                                                                                                                                   |
| 31.2   |   | Certification      by Chief Financial Officer pursuant to Sarbanes-Oxley Section      302*                                                                                                             |
|   |   |                                                                                                                                                                                                   |
| 32.1   |   | Certification      pursuant to Section 906 of Sarbanes Oxley Act of  2002*                                                                                                                             |

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|                     |                                |
|--------------------------|-------------------------------------|
|                     | AFH      Holding II, Inc.           |
|                     | (Registrant)                        |
|                     |                                |
| Dated:      May 15, 2009 |                                |
|                     | /s/      Amir F. Heshmatpour        |
|                     | Amir      F. Heshmatpour, President |