SEC Cancels Registrations of Three Municipal Advisors
Effective Nov. 5, 2026, the SEC ordered the removal of three firms from the municipal advisor register.
The Securities and Exchange Commission issued an order on November 5, 2026, cancelling the municipal-advisor registrations of three firms listed in Appendix A of the order. The order, released as SEC Release No. 34-106831 (FR Doc No. 2026-22848), applies to ESTRADA HINOJOSA & COMPANY, INC. (SEC ID 867-00459), KANE, MCKENNA CAPITAL, INC. (SEC ID 867-00718) and Torain Group (SEC ID 867-02137).
The action follows a Notice of Intention to Cancel Registration published on September 29, 2026 (SEC Release No. 34-106484). The notice invited interested parties to request a hearing; no hearing request was filed by any person, including the registrants, and the Commission did not order a hearing.
Pursuant to Section 15B(c)(3) of the Securities Exchange Act of 1934, the Commission found that each registrant is no longer in existence or has ceased to do business as a municipal advisor. Accordingly, the order directs that the registration of each listed registrant be cancelled.
The order lists the three registrants and their SEC identification numbers as follows: ESTRADA HINOJOSA & COMPANY, INC. - 867-00459; KANE, MCKENNA CAPITAL, INC. - 867-00718; Torain Group - 867-02137.
The order was signed by Sherry R. Haywood, Assistant Secretary, Office of Municipal Securities, under delegated authority per 17 CFR 200.30-3a(a)(1)(ii).
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