Shepherd Smith Edwards and Kantas Easterly ROCMuni Investor Lawyers Have Filed Six- and Seven-Figure Easterly Fund Recovery Claims Against Broker-Dealers That Sold This High-Risk Junk Bond Fund
If you are an investor whose broker unsuitably recommended that you invest in the Easterly ROCMuni High Income Fund (RMJAX, RMHIX, and RMHVX), it is imperative that you explore your legal options. This high-risk junk bond fund saw a dramatic drop in price in June 2025 following a fire sale, leaving many investors with serious losses. Already, Shepherd Smith Edwards and Kantas (investorlawyers.com) has filed a number of Easterly Fund loss claims against Stifel, Nicolaus & Co., as well as Osaic Wealth and other brokerage firms.
At one point, holding around $300M in assets in October 2024, the Easterly ROCMuni Fund now has less than $17M in assets. As of December 30, 2025, it reported a Net Asset Value (NAV) of $2.18 along with a -67.70% decline.
Why Your Easterly ROCMuni High Income Fund May Have Been An Unsuitable Investment Recommendation
While touted as a municipal bond fund, the reality is that the Easterly ROCMuni High Income Municipal Bond Fund is more of a risky junk bond fund, which is what most of its assets are comprised of. There are growing concerns that the broker-dealers that sold the Easterly Fund may have ignored customers’ best interests, made misrepresentations and omissions about the risks, unsuitably recommended this alternative investment to customers, and engaged in other types of broker misconduct or negligence.
Even though brokers may not have directly been involved with what went wrong with the Easterly Fund–allegations against the alternative asset firm include questionable pricing strategies, lack of diversification, overconcentration in poorly rated junk bonds, fund mismanagement, inadequate disclosures, and misleading statements–this should not exempt their brokerage firms from liability.
Broker-dealers have a duty to properly vet all investments before marketing and selling them to customers to ensure suitability and viability. They are required to keep abreast of signs of potential trouble and, if necessary, pull their customers out of troubled, failing, or fraudulent investments before it’s too late. The Easterly ROCMuni Fund was exhibiting signs of decline long before the fire sale.
How Can Our Easterly ROCMuni Investor Lawyers Help?
Shepherd Smith Edwards and Kantas is well informed about why this investment failed and the reasons that the brokerage firms that sold them should be held liable. Already, the Easterly Fund investors are collectively seeking millions of dollars from the broker-dealers.
Call our Easterly ROCMuni Investor Lawyers today at (800) 259-9010 or fill out this online form to schedule your free case assessment.