The Banksters

0x3…6f4

ERC721

According to the SEC’s order, the structure of Morgan Stanley’s prime brokerage swaps business resulted in violations of Reg SHO. As set forth in the order, Morgan Stanley hedged synthetic exposure to swaps by purchasing or selling the securities referenced in the swaps, and it separated its hedges into two aggregation units – one holding only long positions, and the other holding only short positions. According to the order, Morgan Stanley was able to sell its hedges on the long swaps and mark them as “long” sales without concern for Reg SHO’s short sale requirements. For more info visit https://www.sec.gov/news/press-release/2020-238 .

Name

1488

Owner

0x9fCE98f039645b30dF583fAEEA31fA0d2946e134

ID#1488

Rarity

X-LO:96%