Easterly Fund Losses? How You Can Recover Losses Without Going to Court

Many investors are facing substantial losses due to the collapse of the Easterly ROCMuni High Income Municipal Bond Fund (RMHIX) (the “Easterly Fund”). If you are one of these investors, it is important to ensure that you are making informed decisions about how best to deal with your situation. While many investors assume that seeking to recover their losses would involve going to court, with the Easterly Fund, this is not the case. Investment fraud attorney Jake Zamansky explains:

Why Easterly Fund Investors Don’t Need to Go to Court to File a Claim

Our firm is actively representing investors who have suffered significant losses with the Easterly Fund. In these cases, we are pursuing claims against our clients’ brokerage firms—Osaic Wealth and Stifel Nicolaus & Co.

We are not pursuing these claims in court.

Instead, when investors have claims against their brokerage firms, they are entitled to pursue their claims through the process known as FINRA arbitration. The Financial Industry Regulatory Authority (FINRA) oversees the brokerage industry in the United States, and as part of its oversight, FINRA requires brokerage firms to participate in arbitration when their clients file claims for fraud.

Pursuing a claim in FINRA arbitration and going to court are very different. FINRA arbitration is faster and more streamlined, and FINRA’s arbitrators are intimately familiar with the laws and regulations that protect investors. While FINRA arbitration is still a neutral proceeding—it does not inherently favor either party—the ability to pursue claims in arbitration ultimately makes it much more feasible for investors to pursue investment fraud claims when necessary.

With that said, FINRA arbitration is still a formal legal process, and for Easterly Fund investors who are facing substantial losses, the outcome of the process will have significant financial ramifications. As a result, experienced legal representation is essential. When you hire an experienced investment fraud attorney to pursue FINRA arbitration against Osaic Wealth or Stifel Nicolaus & Co. on your behalf:

• Your attorney will explain everything you need to know about FINRA arbitration during your free initial consultation.
• Your attorney will assess the value of your claim and your likelihood of recovery so that you can make an informed decision about whether to proceed.
• If you decide to proceed with FINRA arbitration, your attorney will file your claim and represent you throughout the arbitration process.

All of this costs you nothing out of pocket. At Zamansky LLC, we are representing Easterly Fund investors on a contingency fee basis. This means that you do not have to pay any upfront or monthly legal fees, and our legal fees (if any) will be deducted from your recovery if your claim is successful.

Do You Have a Claim for Easterly Fund Losses? Schedule Your Free Initial Consultation Today

If you would like to know more about the process of seeking to recover your losses from investing in the Easterly Fund, we invite you to get in touch. To get started with a free initial consultation, please call 212-742-1414 or tell us how we can help online today.