The U.S. Securities and Exchange Commission (SEC) has charged 21 individuals in connection with a cross-border insider trading scheme that spanned nearly a decade. The scheme allegedly generated millions of dollars in profits by exploiting non-public information leaked from international law firms. Los Angeles attorney Nicolo Nourafchan and his partner Robert Yadgarov are accused of orchestrating the network, using confidential merger and acquisition details from Nourafchan's clients. The SEC claims Nourafchan stole sensitive information related to over 12 corporate deals, which was then shared with other participants who traded on it and shared profits. The network reportedly expanded by recruiting another corporate attorney to continue the flow of insider information. The U.S. Attorney’s Office for the District of Massachusetts has filed criminal charges against all involved, with support from international agencies including the FBI, UK's FCA, and Switzerland's FINMA.