Securities,
Civil Litigation,
Administrative/Regulatory
May 4, 2018
SEC to seek order forcing music star to testify
The SEC claims it’s seeking his testimony as part of a securities investigation.
Jay-Z performs at the new Barclays Center on opening night, in New York, Sept. 28, 2012. The Brooklyn arena's grand opening in was punctuated by protesters, musicgoers and throngs of curious onlookers hoping to share in the excitement. (Richard Perry/The New York Times)
If Jay-Z had 99 problems, a U.S. Securities and Exchange Commission's announcement Thursday seeking an order requiring his testimony as part of a federal securities investigation might bump him up to an even 100.
The commission says it's seeking testimony from the music mogul, whose real name is Shawn Carter, for details about his business relationship with Iconix Brand Group Inc.
The SEC claims C...
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