Are You an Easterly ROCMuni High Income Municipal Bond Fund Investor Who Suffered Serious Losses? Our High-Yield Fund Loss Attorneys Want To Talk To You
Shepherd Smith Edwards and Kantas High-Yield Fund Loss Attorneys (investorlawyers.com) are investigating portfolio losses involving Easterly ROCMuni High Income Municipal Bond Fund (RMJAX, RHHIX , and RMHVX). This junk bond, which has lost many millions of dollars, was sold to investors by brokerage firms, including Janney Montgomery Scott.
In June 2025, this HY Muni Fund lost nearly 50% of its value in one day, somewhere between $50M and $100M. Its net assets, $232M at the end of March, by June 23 that had dropped to $25.1M. That happened after a fire sale initiated by Easterly ROCMuni High Income Municipal Bond Fund. Its year-to-date performance declined to -57.34%.
Over 50% of this municipal junk bond was invested in 144A private transactions, including privately placed illiquid securities. A huge percentage was also in junk bonds rated D to BB-plus.
When Easterly ROCMuni High Income Municipal Bond Fund started selling a lot of its holdings in June, buyers took advantage of the bond bargains. The Fund’s NAV dropped from $6.36 at the start of the month to $3.09 by June 23, 2025.
This type of fire sale is a rare occurrence that has left Easterly ROCMuni High Income Municipal Bond Fund investors blindsided by their losses. Not only that, but this high-yield fund was risky from the get-go and an unsuitable recommendation for many investors. Many are now saying they were not properly apprised of the risks, which could be legal grounds for a misrepresentation and omission claim.
What Can Our High-Yield Fund Loss Attorneys Do For You?
At Shepherd Smith Edwards and Kantas, we are looking into individual claims of losses in the Easterly ROCMuni High Income Municipal Bond Fund involving broker-dealers. We are also investigating a class action to be filed against the Fund itself, Easterly Funds, and others over alleged poor management and other breaches of fiduciary duty. Any class action litigation against those affiliated with the Fund would be separate from an individual claim an investor might file against their financial advisor to recoup their losses.
Proving liability involving broker misconduct or negligence is very difficult, and brokerage firms have been known to put up roadblocks to stop, even sabotage, an investor’s efforts. Our bond fraud law firm knows how to file a solid claim on an investor’s behalf and maximize their chances for a full recovery. We have a collective of over 100 years’ experience in securities law and the securities industry.
But first, it is important that you contact us today so we can explore your legal options during a free initial case assessment. We have the skills, knowledge, and resources to provide each client with seasoned securities representation, whether in arbitration, mediation, or litigation. Over the decades, we have helped thousands of investors recoup their losses.
If you decide to hire us, you will be retaining everyone at our firm to fight for you and protect your legal rights. We remain strongly committed to helping retail investors, retirees, accredited investors, high-net-worth investors, and institutional investors against the brokerage firms that caused them financial harm.
Call (800) 259-9010 or fill out this form.