HomeLifestyleCelebsAmerican rap mogul Jay Z subpoenaed by Securities and Exchange Commission

American rap mogul Jay Z subpoenaed by Securities and Exchange Commission

American rap mogul Jay Z subpoenaed by Securities and Exchange Commission

Jay Z has been subpoenaed by the Securities and Exchange Commission for refusing to co-operate with the agency

Jay Z has been subpoenaed by the Securities and Exchange Commission (SEC) for allegedly refusing to co-operate with the agency.

In a developing story according to top American media house, Bloomberg, the rap mogul, Shawn Carter, popularly known as Jay-Z is in hot waters with Wall Street’s top regulator.

Jay Z 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.

The investigation has been ongoing for a while and in a statement released on Thursday, the agency identified Jay-Z by his given name, Shawn Carter.

The rapper is yet to release an official response.




More Related Articles

Sign up to receive awesome contents in your inbox, everyday in the morning.

We don’t spam! Read our privacy policy for more info.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

We use cookies to ensure that we give you the best experience on our website.