RMHIX Loss Recovery
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.
Apollo Redemptions Accelerate
Apollo redemptions requests reach 16.8% as private credit investors await disaster. This follows an 11% redemption request from the first quarter.
The deposit withdrawals are limited to $26 billion from Apollo. Apollo did this by enforcing its 5% redemption policy. Investors seeking greater redemptions may seek liquidation through a secondary market, though, if successful, such liquidations come at a significant cost.
Advisors offering Apollo may have questions to answer. Prior to recommending such investments, advisors must understand the investment and recommend the investment only to investors with consistent risk tolerance and liquidity needs. Some advisors led their investors to believe that private credit was a conservative investment with only limited illiquidity.
Northern Colorado NY Life Agents
We are interested in speaking with Northern Colorado NY Life customers and investors. We currently represent a number of such people.
Variable universal life customers recently alleged Logan Calloway participated in inappropriate sales practices. Calloway is a NYLife representative operating from the Northern Colorado office of NYLife Securities. He is also the agent of New York Life Insurance. Investors accuse Calloway of inappropriate annuity “switching.” Switching is the process where an annuity or life insurance policy is liquidated to pay for a new annuity or life insurance policy. Inappropriate liquidating can include not only the sale of the annuity or policy but also the taking of loans against the policy to pay the premiums of another policy.
Investors also raise concerns as to Jeffrey Perryman. Mr. Perryman agreed to a permanent bar from the securities industry in 2024. Both Perryman and Calloway have worked at the New York Life office on Harmony Road address in Fort Collins. He is accused of selling excessive life products, inappropriate recommendations as to profit sharing, and charging excessive fees.
Partners Group Liquidity Lockdown
A Partners Group liquidity lockdown occurred in June 2026. This action prevented investors from accessing their funds and came as a surprise to some. This risk of illiquidity is something that was required to be shared prior to investment. Failing to take this lack of liquidity into consideration when recommending the investment is negligence and can sometimes be fraud.
Partners Group Holding is capping withdrawals at one of its evergreen private equity funds. The fund announced this action on June 3, 2026. This comes as the result of heightened redemption pressure from investors. Investor anxiety that hit private credit vehicles earlier in the year shows signs of spilling over to other asset classes within private markets.
Contact us if your advisor suggested that a significant percentage of your net worth be invested in private equity or private credit.
BDC Slow-Motion Crash
Investors are trapped, watching the BDC Slow-Motion Crash. Private credit investments are doomed to fail, per most analysts. Those invested are unable to extract themselves.
Bloomberg reported on May 31 that an increasing number of private credit funds are becoming or at the risk of becoming junk bonds in the short term. This at the same time as other news sources are reporting that private credit investment topped a half-trillion dollars since 2023.
The largest BDCs with, thus, the greatest potential risk are BCRED, Blue Owl and Apollo.
Advisors who recommended private credit may be responsible. Those who did not understand the risk, misrepresented the investments may be at fault. Likewise, those who failed to investigate the investment, ignored red flags, or overconcentrated investors may be appropriately to blame.
Blackstone slashes private credit value
Poor due diligence is exposed as Blackstone slashes private credit values. Private credit is not the safe investment that advisors asserted.
On May 12, 2026, Reuters reported that Blackstone “slashed” the value of their funds in the wake of regulators warning of systemic risks arising from major banks lending to private credit asset managers. Such slashing occurred not only at Blackstone, but also at BlackRock and Carlyle.
MSCI reported on May 12 that certain private credit funds had loan valuation of less than 50% of value represented. MSCI stated that this was “a level typically associated with deep distress or risk of restructuring.”
Financial advisors can only recommend this type of private investment when suitable and in the best interests of their investor. Also, the advisor must conduct a reasonable investigation to determine the risks of the investment to know if it is in the best interests of their investor, or any investor.
The investigation into these investments, or the inability to conduct a reasonable investigation due to the opaque nature of the investment, should have been known by advisors.
Jeffrey Pederson represents investors nationwide. He routinely represents investors sold invests that were either unsuitable or where insufficient investigation was done.
Fraud in Private Credit
On May 4, 2026, SEC Chairman Paul Atkins said the Commission is investigating allegations of fraud in private credit firms. The firms under investigation are not currently disclosed.
Atkins stated, “We are taking it seriously, we are monitoring the situation.” He made these statements at the Milken Institute Global Conference. This was in response to allegations of fraud and the SEC’s responsive examination of such firms.
On May 5, HSBC reported a $400 million loss from alleged “fraud.” The assumption that this is from its connection with Market Financial, a British mortgage lender, that collapsed in the past few months.
Jeffrey Pederson has represented hundreds of investors who have lost their savings to fraud. Please call for a free and confidential initial consultation.
Investor sues over Blue Owl valuations
Blue Owl valuations of its OBDC fund are being challenged in a suit. The investor alleges that Blue Owl inappropriately inflated the value of the fund. Increased fees to the advisor is alleged as the motivation for inflated valuation.
The investor asserts that the value of the fund inflated over the previous year. Despite the funds being relatively the same size, accounting methods were used to create an inflated value. An increase in fees followed since fees were based on a percentage valuation of assets. Fees increased by 47% since 2021.
Blue Owl may not be the only entity responsible for investor purchases based upon inappropriate valuations. Valuations are required to be confirmed by advisors as part of their due diligence requirements. This should include quantitative analysis to detect aberrations in investment returns or asset valuation. The industry standard also dictates an expanded review of audited financial records.
Jeffrey Pederson represents investors nationwide and has been doing so for over 20 years. Contact him for a free and confidential initial consultation.
SEC Investigating Private Credit
The Wall Street Journal has published reports of the SEC investigating private credit. The regulator initiated several enforcement actions in the last few months against fund managers.
Regulators have been watching such funds for years. Often referred to as “business development companies” or “BDCs,” these investments are just a new name for an asset class that has a long history of fraud and other troubles.
The opaque nature of these private investments means that troubles within them go unnoticed until the investment collapses. BDCs have a long history of such results. Any broker or advisor recommending such investments to you knew or should have known this.
Jeffrey Pederson has successfully represented hundreds of investors in cases of investment fraud and unsuitable securities. This includes dozens of BDC investors.
Ameriprise Annuity Switching
Ameriprise annuity switching led to a $1.4 million settlement with regulators. Investors recommended that they exchange an annuity at Ameriprise of a new annuity should speak to a professional to determine if they were a victim of fraud.
Annuity switching is generally considered suspect. While some legitimate reasons do exist, they are rare. The primary reason is to make an advisor a commission. Annuities pay a very high commission. An investor not only surrenders an old annuity with an exchange, but also all the growth that the old annuity accumulated. As such, many state and federal regulators require extensive notice to investors before a switch can take place and view most annuity switches as inappropriate.
Ameriprise failed to have supervisory procedures in place to protect against such forms of fraud. The regulators stated, “Specifically, Ameriprise did not provide sufficient guidance to [brokers] for determining whether certain
customers would benefit sufficiently from the rider’s growth credit feature before commencing withdrawals to justify the higher fees, which applied for the duration of the contract.”
Jeffrey Pederson represents investors concerning inappropriate annuity sales for over 20 years.