The Law Offices of Howard G. Smith announced on August 27, 2026, that it has launched an investigation on behalf of Guggenheim Strategic Opportunities Fund investors concerning potential violations of federal securities laws. This follows a report from The Bear Cave on August 20, 2026, which questioned the sustainability of the fund's monthly distribution, alleging it was largely funded by issuing new shares at a premium to its Net Asset Value (NAV).
The report also highlighted that the fund's premium has since turned to a discount, partly due to a federal investigation into Guggenheim's CEO, Mark Walter, which allegedly involves the seizure of his devices by the FBI. Following the August 20th report, GOF's stock price fell by 6.64% to close at $9.42, causing significant injury to investors. The law firm is now seeking to recover losses for affected shareholders.