Articles Tagged with ROCMuni Fraud Recovery Attorneys

Couple Is Alleging Unsuitability and Breach of Fiduciary Duty in Their FINRA Lawsuit Against The Broker-Dealer

Shepherd Smith Edwards and Kantas ROCMuni Fraud Recovery Attorneys (investorlawyers.com) are representing two more Claimants from Paducah, Kentucky, who suffered serious portfolio losses after Stifel, Nicolaus & Co. broker Adam Chustz allegedly unsuitably recommended the Easterly ROCMuni High Income Fund. Now, the couple is suing the broker-dealer for up to $500K in damages.

From the start, these investors made it very clear that their money needed to be kept safe and liquid. While initially their funds were placed in a “smart rate” account that was supposed to guarantee liquidity and security, in addition to growth, Stifel would later unsuitably recommend the Easterly ROCMuni High Income Fund, which it allegedly misrepresented as a low-risk, municipal bond investment.