Erez Law is currently investigating brokers across the country who recommended their clients invest in Easterly ROCMuni High Income Municipal Bond Fund (RMHIX), a speculative high-risk municipal bond fund that is now labeled as a junk bond. The municipal bond required a minimum investment of $2,500.
According to the municipal bond’s fact sheet, it “Seeks to provide long-term, yield-driven total return relying mostly on fundamental credit analysis by building a diversified high-yield portfolio focusing on overlooked and under-appreciated sectors of the high-yield municipal bond market.”
Public records indicate that Stifel Nicolaus & Co. and Osaic Wealth recommended their clients invest in Easterly ROCMuni High Income Municipal Bond Fund. The fund has total assets in the amount of $15.1 million, according to the fund’s website.
Easterly ROCMuni High Income Municipal Bond Fund invested 80% of its net assets in tax exempt debt securities issued by small companies rather than more secure backings by state or local municipal governments.
In June 2025, the high-yield municipal bond began declining from 6.30, dropping down to $2.95, as of August 7, 2025, a nearly 60% decrease in performance.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, brokerage firms across the United States may be liable for investment or other losses suffered by its customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.
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