Easterly ROCMuni Investors Have Recovery Options

Did you suffer financial losses investing in the Easterly ROCMuni High Income Municipal Bond Fund? If you held positions in this fund, you may have experienced a dramatic decline in your portfolio value, with the fund losing approximately 69% of its value over the last year. While all investments carry some degree of risk, certain products are inherently too volatile for conservative retail investors.

If your financial advisor or broker recommended this fund to you as a safe investment, you may have grounds to file a claim for damages. Contact Carlson Law at 888-976-6111 or through our contact form for a free and confidential consultation.

The Easterly ROCMuni High Income Municipal Bond Fund has been marketed as a vehicle for tax-exempt income, theoretically achieved by investing in undervalued municipal bonds. Typically, municipal bonds are used by local governments to fund public infrastructure, like schools and roads, and are generally considered stable, low-risk investments.

However, the dramatic collapse of the Easterly ROCMuni High Income Municipal Bond Fund in mid-2025 suggests it may have been heavily exposed to “junk bonds.” This term refers to high-yield, lower-quality bonds that often come with a substantially greater risk of default. Because of this risk, they are likely unsuitable for conservative investors and/or those whose goals include capital preservation and/or safe, dependable returns.

Investors should be aware that the fiduciary standard requires financial advisors to place their clients’ interests above their own, make full disclosures regarding any conflicts of interest, and operate in good faith and with loyalty to the customer. Then there’s the suitability standard that requires brokers to recommend only investments that are appropriate for their client’s background and objectives, based on a reasonable analysis of the customer’s risk tolerance, age, financial objectives, income, net worth, and other considerations.

The SEC’s Regulation Best Interest establishes a “Care Obligation” under which brokers must “have a reasonable basis to believe that each recommendation or series of recommendations made is in the best interest of the particular retail customer and does not place their financial or other interests ahead of the interest of the retail customer.” Finally, FINRA Rule 2020 states that no broker shall “effect any transaction in, or induce the purchase or sale of, any security by means of any manipulative, deceptive or other fraudulent device or contrivance.”

If your broker recommended Easterly ROCMuni High Income Municipal Bond Fund that were not in line with your investment objectives—or if they misrepresented or failed to disclose important information about these bonds—you may be able to file a claim for damages. Carlson Law represents investors throughout the United States in claims against financial advisors and investment firms. If you or a loved one have suffered losses on Easterly ROCMuni investments, please call us at 888-976-6111 or complete our contact form for a free and confidential consultation.