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U.S. securities regulators want Jay-Z in court

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The U.S. Securities and Exchange Commission yesterday filed a subpoena enforcement action against Shawn Carter (a.k.a. Jay-Z), saying it wants him in federal court next week to testify about his relationship with Iconix Brand Group.

Bottom line: The SEC isn't currently alleging that the rapper did anything wrong, except for ignoring its demand that he testify.