Published On: July 27, 2015

Did you suffer investment losses in MainStay High Yield Municipal Bond A (MMHAX)? Stoltmann Law Offices is investigating fraud claims involving improper recommendations of MainStay High Yield Municipal Bond A. In many cases, the broker-dealers who sold this investment marketed it as safe and secure, when, in reality, the funds have close ties to Puerto Rico, and the funds were overexposed because of the Puerto Rico default on debt. According to reports, the MainStay High Yield Municipal Bond A has approximately 12.9% of its investable assets invested in Puerto Rico debt. If you invested money in MainStay High Yield Municipal Bond A, please call our securities law office at 312-332-4200 for a free consultation with an attorney. We may be able to help you recover your investment losses.

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If you have suffered financial losses because of the negligence or fraud of your financial advisor or broker through unsuitable investment recommendations, over-concentration, churning, misrepresenting risks, conversion or selling away, you have legal rights and options to pursue recovery of those losses.

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