Category: civil
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SEC Cracks Down On Digital Currency Group: $38 Million Civil Penalty For ‘Misleading Investors’
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The U.S. Securities and Exchange Commission (SEC) has initiated formal cease-and-desist proceedings against venture capital firm Digitalcurrency Group (DCG) for its alleged negligent conduct in connection with its subsidiary’s lending program. Genesis Global Capital (GGC). The action arises from findings that the cryptocurrency group “misled investors” about the financial health…
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Ripple Files Civil Appeal Pre-Argument Statement Against SEC
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On Thursday, October 24, Ripple Labs foot A pre-argument statement for a civil appeal, known as Form C, in your case before the U.S. Securities and Exchange Commission (SEC). This document outlines the critical issues the company intends to raise on appeal, each of which is subject to a new…
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Treasury targets civil service budget pensions, immigrants
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The list of measures planned by the Israeli Ministry of Finance as part of the 2025 budget goes on. In the latest draft of the planned measures published by the Ministry of Finance, it added a new imposition on employees who are supposed to receive the civil service budget pension,…
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HMRC dismissals for gross misconduct hit five-year high as 179 civil servants sacked
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HMRC sacked 179 staff for serious misconduct in 2024, the highest number in at least five years, according to data obtained through a Freedom of Information request. This represents a 43% increase compared to 2020 when 125 employees were dismissed for similar reasons, accounting for just 28% of all dismissals…
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UK government launches AI training for civil servants to enhance public sector efficiency
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The UK government has launched nine new AI training courses for civil servants, aiming to boost digital skills and improve efficiency in the public sector. These courses, led by the Cabinet Office and Government Skills, aim to prepare civil servants for the increasing impact of AI on government operations. The…
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US steps up pressure on Kenya over graft, civil liberties
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The Biden administration has stepped up pressure on Kenya to step up its fight against corruption and protect civil liberties as talks continue on a bilateral trade agreement between the two countries. Washington has sent a senior democracy and human rights official to Nairobi amid widespread reports of violations of…
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NRA civil trial over gun group leader’s extravagant spending
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The second phase of Civil trial against The National Rifle Association and its top officials are set to begin a meeting Monday in Manhattan, where New York Attorney General Letitia James is seeking to appoint an independent monitor to oversee the powerful gun rights group. Democrats also seek to ban…
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SEC, Terraform Labs, and Do Kwon Reach Agreement in Civil Fraud Case: Report
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Terraform Labs and its founder, Do Kwon, have reached a settlement with the US Securities and Exchange Commission (SEC) following fraud allegations surrounding the collapse of the TerraUSD stablecoin, Reuters reports. The agreement, which was disclosed on the court’s website, was reached after a jury found Kwon and Terraform Labs…