Monthly Archives: November 2017

Marshall Islands Added to RRS Rules Library

Solutions Atlantic released the rule set for the Marshall Islands following aosphere LLP's announcement including it in its Rulefinder covered jurisdictions list. Being able to release this new jurisdiction right on the heels of Rulefinder's release shows the nimbleness of RRS' RuleBuilder component. RRS RuleBuilder enables customers of RRS to customize or introduce customer-specific rules…
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Solutions Atlantic Holds 4th Annual User Group Meeting

On 9 November, users of Regulatory Reporting System (RRS) gathered in NY and on the phone, as far away as India, to discuss the latest regulatory developments in the global shareholding disclosure space. It was the fourth annual meeting of the RRS User Group hosted by Solutions Atlantic. This year’s discussion focused on the classification…
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U.S. – CFTC Issues $350k Fine Large Trade Reports

On 2 November, CFTC fined Morgan Stanley $350k for large trade reports. Morgan Stanley, an FCM, is required to submit large trader report data to CFTC. Alleged Violations From 2007-17, firm omitted inclusion of mandatory derivatives data in reports. Omissions resulted from four problems with the proprietary reporting software. As of 2015, 25,000-line items reported…
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U.S. – SEC Millennium Short Sales

On 31 October, SEC fined Millennium $300k for short sales pre-offerings. Millennium Management LLC agreed to pay over $630,000 to settle SEC charges. Alleged Violations Company violated the anti-manipulation provisions of the federal securities laws. Firm shorted US stocks in companies which were planning for follow-on offerings. After shorting, the firm then illegally bought the…
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