On May 25th, the SEC adopted new final rules implementing the whistleblower provisions of the Dodd-Frank Act. The new whistleblower program is intended to reward individuals who expose federal securities violations. To be considered for an award, a whistleblower must be a natural person who voluntarily provides the SEC with original information that leads to a successful SEC enforcement action in which the SEC obtains monetary sanctions totaling more than $1 million. Smaller enforcement actions that arise from the "same nucleus of operative facts" may be combined for purposes of reaching the threshold for award eligibility. The rules are effective August 12, 2011. SEC Release No. 34-64545.