[U.S. SEC Sues 21 Individuals in Decade-Long Insider Trading Case Involving Major Non-Public Information from Global Law Firms] Foresight News reports that the U.S. Securities and Exchange Commission (SEC) today filed lawsuits against 21 individuals, accusing them of participating in a decade-long insider trading scheme that profited millions of dollars by stealing major non-public information from multiple global law firms. Between 2018 and 2024, Los Angeles mergers and acquisitions attorney Nicolo Nourafchan and his partner Robert Yadgarov orchestrated the scheme. They stole significant non-public information related to over 12 corporate transactions from law firm clients and leaked the information to other participants, who agreed to return a portion of the trading profits to them. The SEC also accused Nourafchan and Yadgarov of recruiting another corporate attorney, who similarly stole and disclosed transaction information. The case was brought by the SEC's Market Abuse Unit, while the U.S. Attorney's Office for the District of Massachusetts has filed criminal charges against all 21 defendants. The SEC's investigation received assistance from the FBI, FINRA, and regulatory authorities in Denmark, the United Kingdom, Cyprus, Mauritius, and Switzerland.