Story perspectives

Ex-Lawyer Denies Insider Trading; Experts Call for Tighter File Controls

6/3/2026

Summary

Story summary

Nicolo Nourafchan pleaded not guilty on June 1 in Boston court to leading an insider-trading ring.
Prosecutors say he accessed merger files from three Big Law firms via keyword searches and preview-mode viewing to evade electronic trails.
Cybersecurity experts Christopher Ehrman and David D’Agostino urge tighter boundaries, limited access and after-hours login monitoring, noting firms often avoid strict controls because large deals need many lawyers to view files, per Eric Pacifici.

1 of 1

Story summary

Nicolo Nourafchan pleaded not guilty on June 1 in Boston court to leading an insider-trading ring.
Prosecutors say he accessed merger files from three Big Law firms via keyword searches and preview-mode viewing to evade electronic trails.
Cybersecurity experts Christopher Ehrman and David D’Agostino urge tighter boundaries, limited access and after-hours login monitoring, noting firms often avoid strict controls because large deals need many lawyers to view files, per Eric Pacifici.