Stifel and Osaic Lawsuit Investigation – Easterly ROCMuni High Income Municipal Bond Fund Losses
The White Law Group is investigating potential claims against Stifel and Osaic for allegedly recommending the Easterly ROCMuni High Income Municipal Bond Fund (Ticker: RMHIX) to retail investors without properly disclosing its high risks.
The fund has lost over 56% of its value in 2025, with most of that drop occurring in June. Investors who purchased this fund through Stifel or Osaic may be eligible to recover losses through FINRA arbitration.
Stifel Easterly ROCMuni Lawsuit – Investor Complaints
Stifel financial advisors are facing questions about whether they properly vetted the Easterly ROCMuni Fund before recommending it to clients. Although marketed as a municipal bond fund, the Easterly Fund concentrated heavily in below-investment-grade “junk” municipal bonds—many issued by small companies for speculative projects rather than backed by local governments.
For risk-averse clients or retirees seeking income, such an investment could be wholly unsuitable. Stifel could be liable if its advisors failed to:
- Perform adequate due diligence on the fund.
- Disclose the illiquid and speculative nature of its holdings.
- Recommend investments consistent with a client’s age, risk tolerance, and financial goals.
Osaic Easterly ROCMuni Lawsuit – Elderly Investor Losses
Osaic Wealth is also under scrutiny for alleged unsuitable recommendations. In one reported case, an 84-year-old widow invested in the Easterly Fund just days before its collapse, allegedly losing over one-third of her savings.
Osaic advisors who sold this product to elderly or conservative investors without fully explaining the risks may have violated FINRA’s suitability rules.
Why the Easterly ROCMuni Fund Was Risky
- Held a large concentration of junk municipal bonds with poor credit ratings.
- Many bonds were not government-backed, but tied to speculative corporate projects.
- Limited secondary market, making them difficult to sell in times of stress.
- NAV dropped to $2.95 per share in August 2025, down from over $6 earlier in the year.
Recovering Losses – FINRA Arbitration Against Stifel or Osaic
If you invested in the Easterly ROCMuni High Income Municipal Bond Fund through Stifel or Osaic and suffered substantial losses, you may be able to recover damages through FINRA arbitration.
Key points about FINRA arbitration:
- It’s a private dispute resolution forum for investor-broker conflicts.
- No court filing is required.
- Many cases settle before a final hearing.
The White Law Group has successfully represented thousands of investors nationwide in claims involving unsuitable investment recommendations, lack of due diligence, and misrepresentation by brokerage firms.
Free Consultation – Stifel and Osaic Easterly ROCMuni Claims
If you are a Stifel investor or Osaic investor who purchased the Easterly ROCMuni High Income Municipal Bond Fund, you may have a claim for recovery.
Call The White Law Group at (888) 637-5510 for a free case evaluation or visit www.whitesecuritieslaw.com to learn more.
Frequently Asked Questions: Stifel and Osaic
What is the Stifel Easterly ROCMuni lawsuit about?
It involves claims that Stifel advisors recommended a speculative junk municipal bond fund to clients without proper risk disclosure or suitability review.
Can Osaic clients sue for Easterly ROCMuni losses?
Yes. If Osaic advisors made unsuitable recommendations or failed to perform due diligence, investors may be able to recover losses through FINRA arbitration.
How do I know if I have a case?
If you purchased the Easterly ROCMuni Fund through Stifel or Osaic and suffered significant losses, you may qualify for a claim. A securities attorney can review your account documents to determine your options.
