SEC Whistleblower Reward Program

SEC Makes Another Round of Whistleblower Awards, Including a Whopping $53M Award

By the Constantine Cannon Whistleblower Team On April 7 and 8, the Securities and Exchange Commission (SEC) made six awards under the SEC Whistleblower Program, which rewards whistleblowers with up to 30% of the Government’s recovery for enforcement actions based on information the whistleblowers provide.  It is just the latest round in a series of whistleblower awards the SEC has made over the past year -- five...

SEC Annual Whistleblower Report Confirms Drop Off In Whistleblower Awards

By the Constantine Cannon Whistleblower Team Last month (February 11), the Securities and Exchange Commission (SEC) issued its Annual Whistleblower Report to Congress where it details the highlights of the SEC Whistleblower Program for the most recent year.[1]  Unfortunately, there was not all that much to report given the drop off in SEC whistleblower awards and activity for 2025.  That may explain why the...

SEC Files Suit Against and Reaches Settlement with Digital Ad Company

By the Constantine Cannon Whistleblower Team On December 15, the Securities and Exchange Commission (SEC) filed a lawsuit in federal court against social media and digital advertising company Curastory Inc. and its founder and CEO, Tiffany Kelly, and concurrently moved the court to approve a judgment in accordance with the parties’ settlement.[1]  This is yet another example of the SEC bringing an enforcement...

Canadian Man Charged by SEC for $18M+ Investor Fraud Scheme

By the Constantine Cannon Whistleblower Team The Securities and Exchange Commission (SEC) has charged Nathan Gauvin, a Canadian citizen, along with his entities -- Blackridge, LLC, Gray Digital Capital Management USA, LLC, and Gray Digital Technologies, LLC -- with conducting two fraudulent securities offerings that raised over $18 million from investors in the U.S. and internationally. The SEC alleges that Gauvin...

Virtu Agrees to Pay $2.5M to Settle SEC Lawsuit Concerning Customer Data

By the Constantine Cannon Whistleblower Team Virtu Americas LLC recently agreed to pay a civil penalty of $2.5 million to the SEC to settle claims that Virtu violated securities laws by making materially false and misleading statements regarding information barriers to prevent misuse of customer data.[1]  This settlement and final judgment resolves a case that the SEC brought against broker-dealer Virtu Americas...

Whistleblower Question of the Week: What Can Future Whistleblowers Learn from Theranos Whistleblower Tyler Shultz?

By the Constantine Cannon Whistleblower Team Our team thoroughly enjoyed listening to the whistleblowing journey of former Constantine Cannon client Tyler Shultz during his Keynote Speech at The Anti-Fraud Coalition’s 25th Annual Conference last week.¹ We wanted to share some key takeaways for future whistleblowers from Shultz’s story as one of the central whistleblowers who exposed the truth behind

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