# 2026-22848: SEC Cancels Three Municipal Advisers’ Registrations After They Stop Advising

2026-22848, Order Cancelling Registrations of Certain Municipal Advisors Pursuant to Section 15B(c)(3) of the Securities Exchange Act of 1934, is a Federal Register notice from Securities and Exchange Commission published 2026-11-10, effective 2026-11-05; PRIA reads it as touching household money (as of 2026-11-11).

- Canonical: https://policyrisk.com/federal-register/2026-22848
- As of: 2026-11-11
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Document number: 2026-22848
- Title: Order Cancelling Registrations of Certain Municipal Advisors Pursuant to Section 15B(c)(3) of the Securities Exchange Act of 1934
- Type: Notice
- Agencies: Securities and Exchange Commission
- Citation: 91 FR 72604
- Published: 2026-11-10
- Effective: 2026-11-05
- Comments close: not stated
- Significant: no
- Touches household money: yes
- Regulation identifier numbers: none
- Last updated: 2026-11-11

## In one line

SEC Cancels Three Municipal Advisers’ Registrations After They Stop Advising

## Summary

The SEC is officially canceling the registrations of three municipal advisors who have either closed up shop or stopped advising. This means Estrada Hinojosa & Company, Kane, McKenna Capital, and Torain Group are no longer recognized as active municipal advisors as of November 2026. No hearings were requested, so the cancellations are final with no extra costs or delays.

## Effects PRIA read

- Three Municipal Advisor Registrations Cancelled: cost, low. The Securities and Exchange Commission ordered on November 5, 2026, that the registrations of Estrada Hinojosa & Company, Inc. (SEC ID 867-00459), Kane, McKenna Capital, Inc. (SEC ID 867-00718), and Torain Group (SEC ID 867-02137) be cancelled. The Commission found each registrant "is no longer in…

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## Sources
- [2026-22848 on federalregister.gov](https://www.federalregister.gov/documents/2026/11/10/2026-22848/order-cancelling-registrations-of-certain-municipal-advisors-pursuant-to-section-15bc3-of-the)
- [2026-22848 as published (PDF)](https://www.govinfo.gov/content/pkg/FR-2026-11-10/pdf/2026-22848.pdf)

## Related
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- [All Federal Register documents](https://policyrisk.com/federal-register)

Source: PRIA, https://policyrisk.com/federal-register/2026-22848 (as of 2026-11-11).