RMHIX loss recovery is possible for certain investors. We believe certain financial advisors at Stifel and Osaic inappropriately recommended and represented the ROCMuni Funds as safe, income investments. This includes the High Income Muni and and Easterly Fund. Motivations vary. But such inappropriate actions by advisors is usually motivated by financial compensation to the advisor.
The Stifel ROCMuni Fund plummeted in June 2025. At that time, it lost nearly half of its value. This is one of the most severe municipal fund disasters in recent history.
Stifel, Osaic and others failed to conduct sufficient due diligence to spot problems with the troubled fund and correctly advised investors of the risk. Sufficient due diligence is a requirement of all licensed securities broker-dealers.
Many in the securities industry point the finger at the advisors.
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