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Notice2026-19869

Notice of Intention To Cancel Registration of Certain Municipal Advisors Pursuant to Section 15b(c)(3) of the Securities Exchange Act of 1934

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Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.

Published
September 29, 2026

Issuing agencies

Securities and Exchange Commission

Full Text

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<title>Federal Register, Volume 91 Issue 187 (Tuesday, September 29, 2026)</title>
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[Federal Register Volume 91, Number 187 (Tuesday, September 29, 2026)]
[Notices]
[Page 61494]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2026-19869]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-106484]


Notice of Intention To Cancel Registration of Certain Municipal 
Advisors Pursuant to Section 15b(c)(3) of the Securities Exchange Act 
of 1934

September 24, 2026.
    Notice is given that the Securities and Exchange Commission (the 
``Commission'') intends to issue an order or orders, pursuant to 
Section 15B(c)(3) of the Securities Exchange Act of 1934 (the ``Act''), 
cancelling the registrations of the municipal advisors whose names 
appear in Appendix A (hereinafter referred to as the ``Registrants'').
    Section 15B(c)(3) of the Act provides, in pertinent part, that if 
the Commission finds that any municipal advisor registered under 
Section 15B is no longer in existence or has ceased to do business as a 
municipal advisor, the Commission, by order, shall cancel the 
registration of such municipal advisor.
    The Commission finds that each Registrant listed in Appendix A:

    (i) has not filed any municipal advisor form submissions with 
the Commission through the Commission's Electronic Data Gathering 
and Retrieval (``EDGAR'') system since May 24, 2021 (including but 
not limited to the annual amendments (form MA-A) required by 17 CFR 
240.15Ba1-5(a)(1)); and/or
    (ii) based on information available from the Municipal 
Securities Rulemaking Board (the ``MSRB''), (a) is not registered as 
a municipal advisor with the MSRB under MSRB Rule A-12(a) and/or (b) 
does not have an associated person who is qualified as a municipal 
advisor representative under MSRB Rule G-3(d) and for whom there is 
a Form MA-I required by 17 CFR 240.15Ba1-2(b) available on EDGAR, 
and/or (c) has not, since February 2022, filed with the MSRB any 
Form A-12 annual affirmation as required by MSRB Rule A-12(k); and/
or withdrew its registration from the MSRB without first withdrawing 
its registration from the Commission.

    Accordingly, the Commission finds that each of the Registrants 
listed in Appendix A either is no longer in existence or has ceased to 
do business as a municipal advisor.
    Notice is also given that any interested person may, by October 20, 
2026, at 5:30 p.m. Eastern Time, submit to the Commission in writing a 
request for a hearing on the cancellation of the registration of any 
Registrant listed in Appendix A, accompanied by a statement as to the 
nature of such person's interest, the reason for such request, and the 
issues, if any, of fact or law proposed to be controverted, and such 
person may request to be notified if the Commission should order a 
hearing thereon. Any such communication should be addressed to the 
Commission's Secretary at the address below. All comments or requests 
received will be posted without change; the Commission does not edit 
personal identifying information from submissions. You should submit 
only information that you wish to make available publicly.
    At any time after October 20, 2026, the Commission may issue an 
order or orders cancelling the registrations of any or all of the 
Registrants listed in Appendix A, upon the basis of the information 
stated above, unless an order or orders for a hearing on the 
cancellation shall be issued upon request or upon the Commission's own 
motion. Persons who requested a hearing, or to be advised as to whether 
a hearing is ordered, will receive any notices and orders issued in 
this matter, including the date of the hearing (if ordered) and any 
postponements thereof. Any Registrant whose registration is cancelled 
under delegated authority may appeal that decision directly to the 
Commission in accordance with Rules 430 and 431 of the Commission's 
rules of practice (17 CFR 201.430 and 431).

ADDRESSES: Secretary, Securities and Exchange Commission, 100 F Street 
NE, Washington, DC 20549.

FOR FURTHER INFORMATION CONTACT: Christopher Halm, Senior Counsel, 
Office of Municipal Securities, 100 F Street NE, Washington, DC 20549, 
or at (202) 551-5680.

    For the Commission, by the Office of Municipal Securities, 
pursuant to delegated authority.\1\
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    \1\ 17 CFR 200.30-3a(a)(1)(ii).
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Sherry R. Haywood,
Assistant Secretary.

Appendix:

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                      Registrant name                         SEC ID No.
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ESTRADA HINOJOSA & COMPANY, INC............................    867-00459
KANE, MCKENNA CAPITAL, INC.................................    867-00718
Torain Group...............................................    867-02137
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[FR Doc. 2026-19869 Filed 9-28-26; 8:45 am]
BILLING CODE 8011-01-P


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Indexed from Federal Register on September 29, 2026.

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