The unit name comes from a Clan Cluster composed entirely of Freeborns that charged headfirst into a ComGuard assault in order to save their Clan brethren despite being shamed for being mere Freeborn. I believe the Cluster was honored by the Diamond Shark Clan after their rally charge and ensuing deaths.
If you are interested let me know!
Here's a excerpt about the 3rd Shark Regulars from the Sarna.net;
Quote
While the fresh 'Mechs of the 3rd Regulars were able to fight their way past the 323rd and 299th Divisions, the glorious frontal assault launched by Khan Hawker to meet up with them was effortlessly shredded by the ComStar troops. The 3rd Regulars finally reached the battered remains of Alpha and Gamma and opened a hole for them to escape back to the landing zone, but the Com Guard forces refused to let up and harassed the Sharks as they withdrew. As the massed Com Guards prepared for the final killing blow as the retreating Sharks drew within sight of their DropShips, Star Captain Ishmael, the highest ranking officer left in the unit, and the two Trinaries that remained of the 3rd silently advanced directly into the Com Guards' line of attack. Ignoring the confused Khan Hawker's demands for an explanation, SaKhan Sennet honored their sacrifice and led the remaining Diamond Sharks to safety as the ComStar forces destroyed them to a man. Honored in Clan Diamond Shark's Remembrance, the destroyed 3rd Shark Regulars' sacrifice also forced a chastised Khan Hawker to formally rescind his ban on Freeborns serving in the Sharks front-line forces in recognition of their bravery.