Last Updated: August 2025 (Austin, Texas)
Easterly ROCMuni High Income Municipal Bond Fund (RMJAX) Suffers Substantial Loss in June 2025
Chart of RMJAX 5/12/25-8/12/25
As the chart above demonstrates, the Easterly ROCMuni bond fund has lost 55.20% of its value recently. Investors have suffered significant losses as a result.
The Investment News reports that Osaic Wealth and Stifel Nicolaus & Co. may have improperly recommended this investment. Given the size of the offering, it is likely that many other Wall St. firms also did the same.
We May Be Able to Help Individual Investors
Year to date loss on Easterly ROCMuni Fund (RMHVX, RMJAX & RHHIX) are over 57%.
Brokers and financial advisors are required to take into account an investors age, risk tolerance, investment experience, investment objectives and liquidity needs when making investment recommendations.
Financial advisors and their firms are also charged with a duty to conduct appropriate and adequate due diligence on the investments they recommend, especially in the case of retirees or those anticipating retirement in the near future.
Firms can be held liable for damages if any, or all of the following are found:
- The investment is not suitable
- The firm and/or financial professional failed to satisfy their due diligence requirement
- You were not adequately apprised of risks associated with the investment
- The broker recommended that you invest too great a percentage of your liquid net worth in a particular investment
Individuals can pursue their claims through arbitration with the Financial Industry Regulatory Authority (FINRA). See this for more details about FINRA arbitration.
The Financial Industry Regulatory Authority
The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.
Rex Securities Law
With offices in Boca Raton, FL and Austin, TX, stockbroker fraud attorney Rex Securities Law provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers, financial advisors and broker dealers.
If you have questions about how your account has been handled, call (877) 224-3199 to speak with an experienced securities attorney at no cost to you.
Most cases are handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
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