FINRA Arbitration Attorneys

For Easterly ROCMuni High Income Fund Investors, Filing A FINRA Lawsuit May Be Your Best Chance At Recouping Your Losses

 Shepherd Smith Edwards and Kantas FINRA Arbitration Attorneys Are Representing Easterly ROCMuni Claimants Against Broker-Dealers

Over six months after a fire sale caused Easterly ROCMuni High Income Fund (RMJAX, RMHIX, and RMHVX) to plunge in value, Shepherd Smith Edwards and Kantas (investorlawyers.com) FINRA Arbitration Attorneys continue to investigate claims of losses against the broker-dealers that unsuitably marketed this high-risk junk bond fund to customers. Already, we have filed investment loss recovery claims in FINRA arbitration against Stifel, Nicolaus & Co, Osaic Wealth, and other firms.

The June 2025 fire sale caused the Easterly Fund to lose many millions of dollars in just a few days. Holding $300M in assets in October 2024—this was already declining even before his event—it now has less than $17M in assets. Its Net Asset Value (NAV) is at around $2.19.

Promoted as a municipal bond fund, in reality, this Fund is more of a junk bond fund. It has at least 80% of net assets in tax-exempt debt securities, most of which are rated below investment grade. A lot of the Easterly ROC Muni Fund is invested in D to BB-plus rated or unrated junk bonds.

Working With Easterly ROCMuni Fund Investors To Recover Their Portfolio Losses

Over the course of our investigation into this junk bond fund, and in preparing FINRA lawsuits for Easterly Fund investors, it has come to our attention that there are brokers who not only unsuitably recommended, they also made misrepresentations and omissions about the risks, breached their fiduciary duty, violated customer’s best interests, were negligent, and/or who were improperly supervised by their brokerage firms.

Filing an Easterly ROCMuni High Income Fund loss claim is not something that you want to do without trusted securities attorneys on your side. If we agree to work together, you will become part of our unit of Easterly Fund lawsuits brought against your broker-dealer. Everyone at our securities firm will be fighting for you.

If you are wondering whether joining a class action against The Fund might be the proper move for you, know that you have a better chance of financial recovery by going after your financial advisor and/or their brokerage firm in FINRA arbitration.

What Should You Do If You Suffered Easterly ROC Muni Fund Losses?

Contact Shepherd Smith Edwards and Kantas FINRA Arbitration Attorneys today to schedule your free case consultation. We have been representing investors for more than 35 years. Over the decades, we have collectively recouped many millions of dollars for thousands of our clients.

We have successfully handled complex cases against the largest Wall Street firms, as well as secured financial recovery for our clients from independent brokerage firms and regional broker-dealers.

Call our FINRA Arbitration Attorneys at (800) 259-9010 or contact us online to discuss your Easterly Fund losses today. Allow us to help you explore your legal options.