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SEC charges 21 over insider trading

Washington, May 6: SEC charges 21 people in an alleged insider-trading scheme tied to law firm deal secrets

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Drawn.News visual brief: SEC Charges 21 Individuals With Alleged Wide-Reaching Insider Trading Scheme
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The SEC charged 21 people over an alleged decade-long insider-trading scheme that used deal information misappropriated from global law firms and produced millions of dollars in alleged illicit profits.

  1. Frame 1Washington, May 6: SEC charges 21 people in an alleged insider-trading scheme tied to law firm deal secrets.
  2. Frame 2The complaint says the scheme ran from 2018 to 2024 and centered on merger-and-acquisition information.
  3. Frame 3SEC names attorney Nicolo Nourafchan and Robert Yadgarov as alleged organizers of the trading chain.
  4. Frame 4The complaint says tips spread through another corporate lawyer and downstream traders before deals became public.
  5. Frame 5SEC seeks injunctions, disgorgement with interest, civil penalties; prosecutors announced parallel criminal charges.
  6. Frame 6Unresolved: courts must decide liability and how much alleged illicit profit can be recovered.
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Published
May 25, 7:53 PM EDT
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