Zamansky LLC Alerts Easterly ROCMuni Fund Investors to Potential FINRA Claims Following Federal Court Ruling
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NEW YORK, Sept. 3, 2026 /PRNewswire/ -- Zamansky LLC, a securities fraud and investment fraud law firm, is alerting investors who lost money in the Easterly ROCMuni High Income Municipal Bond Fund that they may have claims against brokerage firms and financial advisors who sold them the fund. The Fund's ticker symbols were RMJAX (Class A), RMHVX (Investor Class) and RMHIX (Class I).
Zamansky LLC alleges that financial advisors sold the Easterly Fund to investors as a conservative municipal bond fund. The firm further alleges that investors may not have been informed of the Fund's significant risks, including its investments in high-yield, below-investment-grade, unrated, distressed, and illiquid securities.
The Fund experienced a steep decline starting on June 20, 2025. Many investors lost money, and the Fund's assets under management plummeted. The Fund began the liquidation process.
On August 17, 2026, U.S. District Judge Denise Cote of the United States District Court for the Southern District of New York issued an Opinion and Order in litigation against the Fund. The court dismissed some claims but permitted certain Securities Act claims to proceed, including those alleging that the Fund misrepresented its limitations on illiquid investments and its exposure to distressed securities. The Court's ruling is not a finding of liability.
"It is troubling to hear that investors were told they were purchasing a relatively conservative municipal bond fund when the fund had risk factors commonly associated with more aggressive investments," said Jake Zamansky, a securities attorney and founder of Zamansky LLC. "Brokerage firms and financial advisors should know what they are selling and understand whether an investment is suitable for a particular customer."
Investors who bought shares of RMJAX, RMHVX, or RMHIX from a brokerage firm or financial advisor may have independent rights to seek recovery through FINRA arbitration. Claims could include, but are not limited to, unsuitable investments, misrepresentations or omissions, and failures to supervise. To recover your Easterly Fund losses in a FINRA arbitration case against brokerages Janney Montgomery Scott, Stifel Nicholas, OSAIC Wealth, and National Financial Services LLC, contact Jacob H. Zamansky via email at Jake@zamansky.com.
Zamansky LLC represents investors nationwide in FINRA arbitration and securities litigation. Easterly Fund investors who suffered losses are encouraged to contact the firm to discuss their potential legal rights.
Contact:
Zamansky LLC
212-742-1414
www.zamansky.com
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SOURCE Zamansky LLC