Soreide Law Group is investigating stock brokers who sold the BlackRock Municipal Target Term Trust Symbol “BTT” to elderly risk adverse investors.
The BlackRock Municipal Target Term Trust’s stated objectives are to provide current income that is exempt from regular federal income tax and to return $25.00 per common share (the initial public offering price per common share) to holders of common shares on or about December 31, 2030. BTT is already down significantly since it’s $25 open and many elderly investors were sold this investment as a safe and secure way to generate retirement income.
The Fund may utilize leverage and the Trust will invest at least 80% of its Managed Assets in municipal securities that at the time of investment are investment grade quality. BlackRock states on it’s website that, the Trust may invest up to 20% of its Managed Assets in municipal securities that at the time of investment are rated below investment grade quality (rated Ba/BB or below by Moody's, S&P or Fitch) or securities that are unrated but judged to be of comparable quality by the Advisor or the Sub-Advisor. Securities of below investment grade quality are regarded as having predominantly speculative characteristics with respect to the issuer's capacity to pay interest and repay principal, and are commonly referred to as "junk bonds."
Soreide Law Group has been contacted by investors who purchased this investment through their Merrill Lynch stock broker and have lost a significant portion of their principal. If you or a loved on lost more than $50,000 in the BlackRock Municipal Target Term Trust call (888) 760-6552.
Soreide Law Group has filed a FINRA arbitration on behalf of our client (Claimant) against: TEXAKOMA FINANCIAL, INC. and their registered representative, SHEA PETER KENNEDY (SHEA P KENNEDY) (Repondents). The Claimant resides in Nevada, and according to the lawsuit, around August of 2023, SHEA P KENNEDY contacted the Claimant unsolicited, apparently after the Claimant had […]
Pending customer claims on BrokerCheck name Michael Graham (CRD 3263494) and list LPL Financial as the firm. Each claim is pending and unproven, and no arbitrator has ruled on any of them. The customers allege that Graham misrepresented guaranteed principal and returns on a secured loan related to a real estate deal.
An SEC decision involving Titan Securities (CRD 131392) of Plano, Texas became final on August 7, 2026, according to FINRA's October 2026 Disciplinary and Other FINRA Actions report. The decision fined the firm $50,000. The record lists the firm as JTA Securities Management, Inc. dba Titan Securities.
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