The U.S. Securities and Exchange Commission on Thursday adopted final rules that will govern a whistleblower program to offer incentives or cash rewards to those who will provide high-quality tips to the agency for effective enforcement actions.

The new rules, which were voted 3-2 by the SEC on Wednesday, could compel whistleblowers, including other industry insiders, to come more often and warn the agency about various securities violations.

Two Republican commissioners voted against the adoption of the new program that was authorized by a financial revamp law ratified last year. It was also opposed by large U.S. companies, saying whistleblowers should first tell their companies of any misconduct and offer them a chance to fix the errors before heading immediately to the SEC.

However, the new rules discourage employees to avoid the compliance programs posted by their companies. Employees who reported any potential misconduct to their company would be officially considered by the SEC as whistleblowers, and would be potentially entitled of rewards.

According to the SEC, the goal of the whistleblower program, which was mandated by the Dodd-Frank Wall Street Reform and Consumer Protection Act, is to reward individuals who expose violations and provide remarkable evidence to help the regulator achieve successful cases.

The new program awards individuals based on the timeliness and quality of the information provided. It must lead to successful actions with at least $1 million sanction.

The new SEC rules will take effect in 60 days. Also, whistleblowers that have provided tips to the agency since July 2010, when the financial overhaul law was ratified, would also be entitled to receive incentives.

Employment rate in the United States grew steadily for the second straight month in March, as the unemployment rate dropped at 8.8 percent. The shift in trends in the labor market is likely to help the United States recover from economic crisis in the past few years.

The Department of Labor said Friday that the nonfarm payroll has increased by 216,000 last month. The gain was pre-empted by 194,000 new positions that opened February 2011.

As a result of the very favorable pace of job growth lately, the unemployment rate has been pulled down ever since November 2011. Reports said that the decrease from November to March is the greatest decline since 1984.

An independent result also indicated that there is an elevation in factory activity March this year. This means there would be more jobs in the industrial area in the United States.

However, economist Julia Coronado said that although these reports tell us that our economy is slowly regaining strength, it also means that the United States has a very long way to go in terms of employment.

The U.S. economy is clearly gaining momentum but it has only recovered a small fraction of what it has lost during the recession. There are said to be 8 million jobs lost when a recession hit the U.S.

Many Wall Street investors are more than pleased with the reports. They also cheered the modest augment to the U.S government bond and the strengthening U.S. dollar exchange rate against the Japanese yen.