New story in Business from Time: Jay-Z Subpoenaed After Refusing to Cooperate With SEC Investigation of $200 Million Deal
Jay-Z is in hot water with Wall Street’s top regulator. The hip-hop mogul is the target of a Securities and Exchange Commission enforcement action for failing to testify as part of an investigation into Iconix Brand Group Inc., which paid $200 million to acquire assets from his Rocawear apparel brand. In its Thursday statement announcing …