The SEC Is Seeking A Court Order To Get Jay-Z To Testify

The Securities and Exchange Commission is seeking a court order to force Jay-Z to comply with an investigative subpoena for his testimony related to a brand management company’s acquisition of his Rocawear apparel business.

The SEC is investigating potential violations of financial reporting of Iconix, a New York–based brand which paid Jay-Z more than $200 million in 2007 to acquire assets of Rocawear.

Jay-Z, whose real name is Shawn Carter, failed to appear in court to testify after the SEC filed two subpoenas in November 2017 and February of this year. Through his lawyer, Jay-Z has declined to provide dates for him to testify in court.

The SEC is looking to ask about his joint ventures with Iconix, among other things.

“The application does not reflect a determination by the SEC or its staff that Carter has violated provisions of the federal securities laws at issue in the investigation,” the SEC said Thursday.

A representative for Jay-Z told BuzzFeed News he is aware the SEC is seeking information on Iconix’s financial reporting, but said the case doesn’t involve the rapper.

“Mr. Carter had no role in that reporting or Iconix’ s other actions as a public company,” the rep said. “Mr. Carter is a private citizen who should not be involved in this matter.”

Kanye Is Mad Obama Didn't Phone Him After He Called Him A “Jackass”

A lot of ground was covered during the lengthy interview, from how West’s music career took a hit after his years-long beef with Taylor Swift; to the emotions he felt upon hearing his wife, Kim Kardashian West, had been robbed at gunpoint in 2016; to his most recent comments about President Trump.

“I also had a problem that Obama’s from Chicago and Chicago’s the murder capital of the world,” West said.

“I had a number of things that made me say, just how there’s racist Trump supporters, there’s things where I’m like, well, maybe this could make a difference,” West said.

After Charlamagne asked if West thought Obama could just wave a magic wand and fix the city’s problems, the rapper took on a more sympathetic tone.

“You know what, it’s not his fault,” he said. “You’ve seen that gray hair on that man? You don’t know what that man was dealing with — I mean, you can only imagine, but just it took everything in that man’s spirit and soul not to mention racism every sentence.”

“I might be president one day,” West added.

“I might be in that situation, where it’s harder for me to explain to the masses why something isn’t happening that they feel the concept of a president should be able to fix. So to Obama I will say that I understand.”

Kanye Is Still Pissed At Barack Obama For Calling Him A “Jackass” In 2009

A lot of ground was covered during the lengthy interview, from how West’s music career took a hit after his years-long beef with Taylor Swift; to the emotions he felt upon hearing his wife, Kim Kardashian West, had been robbed at gunpoint in 2016; to his most recent comments about President Trump.

“I also had a problem that Obama’s from Chicago and Chicago’s the murder capital of the world,” West said.

“I had a number of things that made me say, just how there’s racist Trump supporters, there’s things where I’m like, well, maybe this could make a difference,” West said.

After Charlamagne asked if West thought Obama could just wave a magic wand and fix the city’s problems, the rapper took on a more sympathetic tone.

“You know what, it’s not his fault,” he said. “You’ve seen that gray hair on that man? You don’t know what that man was dealing with — I mean, you can only imagine, but just it took everything in that man’s spirit and soul not to mention racism every sentence.”

“I might be president one day,” West added.

“I might be in that situation, where it’s harder for me to explain to the masses why something isn’t happening that they feel the concept of a president should be able to fix. So to Obama I will say that I understand.”

Warning: Lin-Manuel Miranda's Latest #Hamildrop Will Make You Cry

In case you didn’t know, #Hamildrops are monthly releases of new Hamilton content, first announced at the end of 2017 by Miranda.

According to Miranda, the releases will continue through December of 2018.

Miranda revealed that “First Burn” came about in a unique way. While on The Hamilcast podcast, he stopped by to play some tunes that “didn’t make it to the show,” and upon listening to it again he said, “This is kind of dope.”

Afterward, he went back to his label and focused on reworking the song while showcasing the wealth of talent in different companies that produce the musical.