The Securities and Exchange Commission is not happy with Jay-Z.
The rapper and businessman has been hit with a subpoena from the SEC, demanding that he comply with two prior subpoenas related to an ongoing financial investigation, Bloomberg reported Thursday.
Jay-Z, whose real name is Shawn Carter, owns a clothing brand called Rocawear. Iconix Brand Group acquired Rocawear in 2007, before the SEC opened an investigation into Iconix's accounting practices in 2015.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
The SEC, a Wall Street watchdog agency, wants Carter to testify as a part of the probe, but Carter has been M.I.A. Bloomberg reports that the agency issued subpoenas calling for Carter's testimony in November and in February, but Carter has reportedly failed to appear before the SEC. Carter is not accused of any wrongdoing, notes Bloomberg, but the agency is trying to crack down on the rapper by issuing an enforcement order.
Carter's attorney has reportedly declined to make him available to investigators, so the SEC asked a New York district court to try and force him into making an appearance. Read more at Bloomberg.
-
August 24 editorial cartoonsCartoons Sunday's political cartoons include Putin at Donald Trump's circus, gallons of whitewash, and a foldable cartoon
-
5 Post Office-approved cartoons about mail-in votingCartoons Artists take on reverse logic, Putin's election advice, and more
-
The battle of the weight-loss drugsTalking Point Can Novo Nordisk and Eli Lilly regain their former stock market glory? A lot is riding on next year's pills
-
Nobody seems surprised Wagner's Prigozhin died under suspicious circumstancesSpeed Read
-
Western mountain climbers allegedly left Pakistani porter to die on K2Speed Read
-
'Circular saw blades' divide controversial Rio Grande buoys installed by Texas governorSpeed Read
-
Los Angeles city workers stage 1-day walkout over labor conditionsSpeed Read
-
Mega Millions jackpot climbs to an estimated $1.55 billionSpeed Read
-
Bangladesh dealing with worst dengue fever outbreak on recordSpeed Read
-
Glacial outburst flooding in Juneau destroys homesSpeed Read
-
Scotland seeking 'monster hunters' to search for fabled Loch Ness creatureSpeed Read
