On May 25, 2011, the Securities and Exchange Commission (SEC) voted 3 to 2 to adopt its new rules for implementing the controversial whistleblower provisions of Section 21F of the Securities Exchange Act of 1934 entitled “Securities Whistleblower Incentives and Protection.” The purpose of the final rules is to reward individuals who provide the SEC with high-quality tips that lead to successful enforcement actions. The rules will be effective 60 days after publication in the Federal Register. We have highlighted major points of interest in this Flash Report.