ATTENTION: Easterly ROCMuni High Income Fund Investors Who Have Sustained Serious Losses

Shepherd Smith Edwards and Kantas Is Representing Claimants Against US Broker-Dealers

PADUCAH, Ky.  , Sept. 9, 2025 /PRNewswire/ -- If you are an investor who suffered serious losses in the  Easterly ROCMuni High Income Fund (RMJAX, RMHIX, and RMVHX), contact Shepherd Smith Edwards and Kantas (investorlawyers.com). We are representing a number of claimants in their six- and seven-figure investment loss recovery lawsuits against the brokerage firms that marketed and sold this high-risk, speculative junk bond. 

The Easterly ROCMuni Fund  is purportedly primarily invested in tax-exempt debt securities and illiquid bonds that have little to no financial history to support issuance. This makes it more of a junk bond than a municipal bond, especially given that the majority of the investments in the Fund are junk or below investment grade. If brokerage firms had properly investigated the Easterly Fund on even a basic level, it would have been clear that to even call it a municipal fund was misleading. It held very few debt obligations from municipalities.

Fire Sale Leads To the Easterly ROCMuni Funds Demise And Investor Exodus
Consider that in October 2024 the Easterly ROCMuni High Income Fund held about $300M in assets and was trading at about $7.35/share. While the Fund had been losing money over the past year, it was the huge fire sale in June that led to its collapse. By the end of that month its assets were down to $25M. It was left with a share price of under $3/share. Many investors exited the Easterly Fund, but it was too late for a lot of them by then.

https://youtu.be/r4XO1401LGM?si=vWRBS7DIh3l4jewg

Representing Easterly ROCMuni Fund Investors Against Brokerage-Dealers
Many of the Easterly ROCMuni High Fund investors we are working with were unsuitably sold this illiquid investment by Stifel, Nicolaus & Co. We recently filed an Easterly Fund loss lawsuit for a New York investor against Osaic Wealth. We are scrutinizing Janney Montgomery Scott and other broker-dealers that may have unsuitably sold this Fund to customers.  

Shepherd Smith Edwards and Kantas has represented thousands of clients all over the United States, including those with the most complex kinds of securities fraud claims. We have secured a collective many millions of dollars for many investors in arbitration, mediation, and litigation.

Contact Our Easterly ROCMuni Fund Fraud Lawyers:
Call (800) 259-9010 or fill out this online form to schedule your free case consultation.

SOURCE Shepherd Smith Edwards & Kantas LLP