The Iron Throne is a merchant organization, infamous for their association with the Iron Crisis of 1368 and the murderous Bhaalspawn Sarevok. They have suffered from a terrible public image since that time.
To this day, they are known to employ illegal tactics such as assassinations, thuggery, robbery, extortion, etc.

Their operations in the city were outlawed for a time after they were accused of the attempted assassination of the entire Council of Four, but eventually managed to convince the grand dukes that Sarevok fooled them as much as the rest, and they were allowed to return.

Along with the Baldur’s Gate Scientific Society, they financed a new clock tower in the Wide, which also serves as their new headquarters.