Articles Tagged with Kentucky Securities Law Firm

Paducah, KY Couple Files Easterly ROCMuni High Income Fund Loss Lawsuit Against Stifel, Nicolaus & Co. Claimants Are Suing For Up To $500,000 In Damages

Our Kentucky securities law firm of Shepherd Smith Edwards and Kantas (investorlawyers.com) is representing two more Paducah, KY investors against Stifel, Nicolaus.& Co. over losses involving the Easterly ROCMuni High Income Fund (RMJAX, RMHIX, and RMVHX). The Claimants are a senior couple and inexperienced investors. Both of them are on disability. They entrusted their life savings to their Stifel broker, Adam Michael Chustz.

They contend that Stifel made the outrageous decision to concentrate their account with the Easterly ROCMuni fund. This is a speculative, illiquid, high-risk junk bond that lost more than half of its value over three days in June. Many millions of dollars were lost. Its stock price is now below $3.00/share.