Securities Fraud Investigation Into Easterly ROCMuni High Income Municipal Bond Fund (RMHIC, RMHVX, RMJAX) Announced – Investors Who Lost Money Urged To Contact The Law Offices of Frank R. Cruz
IF YOU ARE AN INVESTOR WHO LOST MONEY ON EASTERLY ROCMUNI HIGH INCOME MUNICIPAL BOND FUND (RMHIC, RMHVX, RMJAX), CLICK HERE TO INQUIRE ABOUT POTENTIALLY PURSUING A CLAIM TO RECOVER YOUR LOSS.
What Is The Investigation About?
On June 13, 2025, the Fund abruptly slashed the value of its shares by 30%, with the value of shares continuing to fall in subsequent days. Industry news source The Bond Buyer reported the collapse was indicative of Fund-specific issues like 'flawed pricing,' 'illiquidity,' and the fact that the Fund was insufficiently 'diversified.' The article further noted that the Fund was heavily invested in junk investments with a 'lack of credit transparency.' According to the article, many bonds traded at a massive discount to their previously evaluated prices, including one instance where an investor paid just four cents for what had previous been represented as $3.2 million in bonds for a metal recycling company.
The total net assets of the Fund have collapsed from over $230 million as of March 31, 2025 to less than $17 million as of July 8, 2025.
Contact Us To Participate or Learn More:
If you purchased Easterly shares, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact us:
The Law Offices of Frank R. Cruz,
2121 Avenue of the Stars, Suite 800,
Century City, California 90067
Call us at: 310-914-5007
Email us at: info@frankcruzlaw.com
Visit our website at: www.frankcruzlaw.com.
Follow us for updates on Twitter at twitter.com/FRC_LAW.
If you inquire by email, please include your mailing address, telephone number, and number of shares purchased.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
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7 minutes ago
- Yahoo
Dip buys, stagflation talks, gold tariff scare: Market takeaways
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No. Next Tuesday we get CPI, and so this ties into that stagflation. I hear this word bandied about all the time, um in financial news, and we talked with a guest about lowercase S stagflation, not the 70s type. Uh this was Chris Wolfe on Stocks and Translation of Pennington Partners. Let's take a listen. By the way, smallest stagflation gets this more stubborn inflation because it rotates and a little bit weaker growth. And so that's not 70s style, but it's likely to be a conundrum for the Fed, because how far do you want to cut? We're not getting that much growth, and there's so much stimulus coming down the road in the next 18 months that, you know, the opportunity really is to see how that evolves, but I expect the rest of this year to be just like this with slowing growth and persistent inflation. Yeah, that was really interesting because he talked about inflation rotating. 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It's certainly outperforming stocks and it's one of the top asset classes this year. Hey, gold is one of the most hated asset classes ever by a lot of institutional investors. Nevertheless, you cannot argue with price. Only price pays, uh says some famous day traders. We'll be watching that uptrend in gold for sure, Jared. All right, that's going to do it for us here. Appreciate you joining us. Related Videos Why many strategists think the market rally will continue Barings' Burton on Tight Credit Spreads Patel and Catrambone's Outlook for the Fed Nasdaq closes 200 points higher, notches new record Sign in to access your portfolio
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31 minutes ago
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Nasdaq closes 200 points higher, notches new record
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