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Easterly ROCMuni Fund's Steep Decline Spurs Potential Investor Lawsuits

Posted on September 9th, 2025 at 11:54 AM
Easterly ROCMuni Fund's Steep Decline Spurs Potential Investor Lawsuits

From the desk of Jim Eccleston at Eccleston Law

The Easterly ROCMuni High Income Municipal Bond Fund (RMHIX) has suffered a dramatic collapse, losing nearly half its value in June and now trading at a net asset value (NAV) of $2.95 per share. According to InvestmentNews, year-to-date, the fund is down 56.3 percent, with most losses occurring over a few days in mid-June.

Attorneys are now investigating potential claims against broker-dealers that recommended the fund, including Osaic Wealth and Stifel Nicolaus & Co. Those with questions or information should contact our attorneys.

Osaic did not respond to requests for comment. Stifel, however, issued a statement acknowledging investor concerns about the fund’s performance and management, noting that it has formally requested—but not received—details from Easterly on how its management led to such substantial losses.

Eccleston Law LLC represents investors and financial advisors nationwide in securities, employment, transition, regulatory, and disciplinary matters.

Tags: eccleston, eccleston law

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