Investors of Easterly ROCMuni High Income Fund Face Serious Losses: Legal Actions Underway

Attention Investors of Easterly ROCMuni High Income Fund

In recent news, investors who faced substantial losses in the Easterly ROCMuni High Income Fund (also known by its symbols RMJAX, RMHIX, and RMVHX) are encouraged to reach out to legal representatives. The firm Shepherd Smith Edwards and Kantas LLP has announced its commitment to assist clients impacted by these losses.

Understanding the Fund's Collapse

The Easterly ROCMuni High Income Fund was primarily invested in tax-exempt debt securities, yet many of its holdings consisted of illiquid bonds that lacked adequate financial backing. This led to its classification more as a junk bond fund than a reliable municipal bond investment. Investors were misled regarding the nature of the assets supposedly held by the fund, creating a sense of security that ultimately proved unfounded.

In 2024, during October, the Easterly ROCMuni Fund managed approximately $300 million in assets, with shares trading around $7.35 each. However, after a steep decline in performance, particularly a disastrous fire sale in June 2025, the fund's assets plummeted to a mere $25 million, drastically reducing share prices to below $3. Many investors recognized the issues too late, leading to significant financial losses.

Investment Warnings Ignored

Investors in the Easterly ROCMuni Fund encountered what can be described as an unsuitable investment scenario. Allegations have emerged against various brokerage firms, especially Stifel, Nicolaus & Co. and Osaic Wealth, that purportedly marketed and sold these high-risk assets without thorough evaluations of their potential dangers. There are ongoing investigations into other broker-dealers like Janney Montgomery Scott for similarly questionable practices.

Legal Recourse for Affected Investors

For those feeling the impact of these losses, Shepherd Smith Edwards and Kantas offers legal support. The firm is preparing numerous recovery lawsuits for investors in the Easterly Fund who have sustained losses, often significant amounts in the six or seven figures. Their experience includes representing several clients who experienced complex securities fraud, securing millions through various legal avenues including arbitration and litigation.

If you're a victim of the Easterly ROCMuni High Income Fund’s downfall, consider contacting Shepherd Smith Edwards at (800) 259-9010 or through their website for a free consultation regarding your case. With thorough investigations and a commitment to investor rights, they provide crucial support during these challenging times.

Conclusion

This situation underscores the importance of due diligence when it comes to investing. As the circumstances surrounding the Easterly ROCMuni Fund demonstrate, relying on broker-dealers without adequate scrutiny can lead to significant financial repercussions. For investors affected by this collapse, seeking legal representation provides an avenue to possibly recover losses incurred from this ill-fated fund.