Were you an investor in the Easterly ROCMuni High Income Municipal Bond Fund? If so, you likely saw considerable losses on your investment, as the fund shed about half of its value over the course of June 2025. While any investment opportunity may carry the possibility of loss, certain ones are especially and inherently risky, making them unsuitable for the average retail investor. As such, you could have grounds to file a claim against your broker or advisor (and the brokerage firm that employs them) if they misled you into an investment you would not otherwise have made.
Would you like to learn more about your options for pursuing compensation for the financial harm you’ve suffered? Then contact the team at Erez Law PLLC for a free consultation about filing an Easterly ROCMuni High Income Municipal Bond Fund lawsuit.
How An Experienced Investment Fraud Lawyer Can Help
If you suspect you’ve been the victim of municipal bond or bond fund fraud, you could be entitled to compensation for the financial losses you suffered as a result. However, obtaining this compensation alone could prove challenging, as investment firms have considerable resources to defend against claims against them. Moreover, the process will likely involve arbitration through the Financial Industry Regulatory Authority, or FINRA.
That’s why you need the help of an experienced investment fraud attorney who understands how these investments are structured and what forms misconduct can take – such as misrepresenting what an investment entails, recommending unsuitable strategies, or charging hidden fees. Their knowledge of securities law and industry regulations enables them to identify violations by brokers and hold them accountable for their misconduct.
A skilled lawyer’s role is to protect your legal rights and guide you through the recovery process. They can investigate your case, gather evidence of fraud, and communicate with brokers, firms, or regulatory agencies on your behalf. From filing arbitration claims with FINRA to pursuing favorable settlements, your attorney works to recover lost funds and hold wrongdoers accountable.
Why Choose Erez Law
At Erez Law PLLC, we are dedicated to helping investors who’ve been harmed by fraud recover fair compensation for what they’ve suffered. Our nationally recognized investment fraud attorneys know what it takes to win these complex cases, which is how we’ve recovered more than $200 million on behalf of clients like you. Here’s why you should consider hiring a municipal bond investment fraud attorney from our firm:
- Our Success Rate: We’ve won 99 percent of the cases we’ve taken, recovering $200 million for our clients in the process.
- Our Exclusive Focus: Securities fraud cases are all we do. We’re 100 percent committed to the fight to get investors their money back.
- Our Extensive Experience: Our firm has 45 years of combined experience to leverage on your behalf.
- Our Team Approach: Our acclaimed trial attorneys pool their resources to take on some of the most significant investment firms in the country.
What’s more, we offer all this without any upfront cost to you. We work on a contingency fee basis, which means you don’t pay us any attorney fees unless we win your case.
What Is the Easterly ROCMuni High Income Municipal Bond Fund?
The Easterly ROCMuni High Income Municipal Bond Fund (NYSE: RMJAX, RMHVX, RMHIX) is an investment fund that purportedly seeks to generate income tax–exempted returns by investing in a diversified portfolio of under-appreciated high-yield municipal bonds – a financial instrument used by public entities to fund projects like building schools and highways. As a general rule, municipal bonds pay a regular return on their investment, making them a safer prospect than stocks.
However, this particular fund lost about half of its value in June 2025, a collapse that some investors allege is due to the underlying bonds being “junk bonds,” which offer higher yields to offset their higher risk of failure. The greater potential for economic loss makes such funds unsuitable for retail investors looking for a safe return on their investment.
How Misrepresentation Can Occur
Brokers and financial advisors must prioritize their clients’ financial interests above their own. However, unscrupulous investment professionals sometimes misrepresent the nature of an investment opportunity to generate a larger commission than they would through a more conservative investment strategy. Misrepresentation often takes the following forms:
- Failure to disclose risks – Brokers must alert their clients to the prospective risks of a proposed investment. When they omit or downplay credit issues or an issuer’s financial instability, their clients may invest in what they assume to be a safe, conservative product, when in fact they’ve actually taken on considerable risk.
- Overstating safety and returns – Some brokers exaggerate the security or potential performance of municipal bonds to attract investors. They may compare them to guaranteed savings products or promise steady returns regardless of market conditions.
- Unsuitable investment recommendations – Advisors should only recommend investments that fit an investor’s goals, age, financial situation, and risk tolerance. Misrepresentation can occur when they overlook these factors and push higher-risk or complex municipal bond funds solely to earn commissions.
If you believe your broker misrepresented the Easterly ROCMuni High Income Municipal Bond Fund, you may have legal options to recover your significant financial losses. Contact Erez Law PLLC for a free initial consultation.
Signs You May Have Experienced Municipal Bond Investment Fraud
How do you know if you’ve been the victim of investment fraud? Here are some common signs to watch out for:
- Unexpected losses – Municipal bonds are typically meant to be low-risk and stable. Sudden, unexplained losses, especially when markets are steady, could signal fraud. Since advisors make commissions on profits but generally don’t have to pay back losses, they might mislabel risky investments as safe municipal bonds to increase their potential compensation.
- Lack of risk disclosure – Advisors must clearly explain all risks, including default or interest rate changes. Investors should always have access to full, written risk disclosures.
- Pressure to invest – Pushing you to “act fast” or promising “guaranteed returns” are classic warning signs. Legitimate municipal bond deals don’t rely on urgency. If you felt rushed or discouraged from seeking a second opinion, it’s worth investigating further.
If your investor did not complete a suitability and best interest analysis, they could have violated FINRA regulations, and you could have the right to pursue compensation from the brokerage firm responsible for your losses.
Recovering Losses from Easterly ROCMuni High Income Municipal Bond Fund
Most brokers and financial advisors are registered with FINRA, the investment industry’s self-regulatory body, which includes mandatory arbitration in most circumstances of allegations of fraud. Rather than suing your broker or advisor, you will likely pursue FINRA arbitration against them.
Under this process, a neutral arbitrator or panel of arbitrators reviews evidence and testimony from both sides before issuing a binding decision. Arbitration is generally faster and less formal than a lawsuit, though it requires considerable familiarity with securities laws, investment practices, and FINRA regulations.
An experienced investment fraud attorney can review your case and advise you on your options.
Contact Our Municipal Bond Investment Fraud Attorneys Today
Did you lose money in the Easterly ROCMuni fund? If so, you could be entitled to compensation. Trust the experienced team at Erez Law PLLC to aggressively pursue your case. Contact us today for a free consultation with a municipal bond investment fraud attorney, and let’s discuss your next steps together.