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Of Jay-Z’s 99 Problems, Testifying to SEC About Iconix-Rocawear Sale is One

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The SEC wants to know more about Jay-Z's sale of Rocawear to Iconix Brand Group.
The SEC wants to know more about Jay-Z's sale of Rocawear to Iconix Brand Group.
CREDIT: REX/Shutterstock

The Securities and Exchange Commission (SEC) slapped “Empire State of Mind” rapper and business mogul Shawn “Jay-Z” Carter with an investigative subpoena seeking to understand why he shouldn’t have to testify at a May 8 hearing about the $204-million sale in 2007 of his urban-lifestyle Rocawear apparel label to brand licensing management company Iconix Brand…

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