{"id":1216,"date":"2025-12-04T21:34:15","date_gmt":"2025-12-04T21:34:15","guid":{"rendered":"https:\/\/www.altlawfirm.com\/?post_type=investment-product&p=1216"},"modified":"2026-05-13T17:58:36","modified_gmt":"2026-05-13T17:58:36","slug":"easterly-rocmuni-high-income-fund-rmjax-rmhix-rmhvx-losses","status":"publish","type":"investment-product","link":"https:\/\/www.altlawfirm.com\/es\/investment-products\/easterly-rocmuni-high-income-fund-rmjax-rmhix-rmhvx-losses\/","title":{"rendered":"Easterly ROCMuni High Income Fund (RMJAX, RMHIX, RMHVX) Losses"},"content":{"rendered":"
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Altamirano PLLC is investigating claims involving the Easterly ROCMuni High Income Fund (RMJAX, RMHIX, RMHVX). Marketed as a municipal bond fund, Easterly ROCMuni collapsed after concentrating in junk-rated debt, distressed projects, and leveraged municipal securities. Investors who were promised safe, tax-exempt income instead faced steep losses. If you invested in Easterly ROCMuni through a brokerage firm or financial advisor, you may be able to pursue recovery through FINRA arbitration<\/a>.<\/span><\/p>\n

<\/span>April 2026: Tax Filing Deadline and Investor Awareness<\/b><\/span><\/h2>\n

With the April 15 tax filing deadline, many investors are now reviewing account statements and tax documents reflecting losses in the Easterly ROCMuni Fund. For some, this is the first time the magnitude of those losses has become clear. In our experience, this is often when investors begin to revisit how the investment was recommended and whether it was consistent with their objectives.<\/p>\n

Altamirano PLLC continues to represent investors in FINRA arbitration claims involving Easterly ROCMuni losses, including claims against brokerage firms and financial advisors who recommended the investment. For a recent example, see our filing against Stifel involving a New York investor<\/a>.<\/p>\n

As of April 2026, litigation involving the Easterly ROCMuni Fund continues in federal court.<\/p>\n

<\/span>March 23, 2026 Update: Motion to Dismiss Filed<\/b><\/span><\/h2>\n

Defendants filed a motion to dismiss the Second Amended Complaint, arguing that the risks associated with the Easterly ROCMuni Fund were disclosed and that investors were aware they were investing in a high-yield municipal bond strategy. The motion also challenges the legal sufficiency of the claims, including allegations concerning liquidity determinations, valuation, and portfolio concentration.<\/p>\n

<\/span>February 20, 2026 Update: Second Amended Complaint Filed<\/b><\/span><\/h2>\n

Plaintiffs in the Easterly ROCMuni class action filed a Second Amended Complaint in the Southern District of New York. The amended filing expands on prior allegations concerning the fund’s exposure to illiquid securities, valuation methodologies, and investment in distressed and defaulted bonds, as well as disclosures made in the fund’s registration statements and prospectuses.<\/p>\n

<\/span>January 23, 2026 Update: Motion Filed to Preserve Records<\/b><\/span><\/h2>\n

In the Easterly ROCMuni class action, plaintiffs have moved to serve document-preservation subpoenas on certain nonparties, including Ultimus Fund Solutions (the Fund’s transfer agent) and several financial institutions.<\/p>\n

The motion is aimed at preserving account data, transaction records, and related communications held by brokers and agents through whom investors purchased or redeemed shares.<\/p>\n

According to the motion, Easterly ROCMuni (RMJAX) investors purchased or redeemed shares through brokers or agents at the following financial institutions:<\/p>\n