Pete Hegseth's broker attempted to make defense investments before Iran war: Financial Times

[babylonsister]

Politics
Pete Hegseth’s broker attempted to make defense investments before Iran war: Financial Times
Published Mon, Mar 30 20269:26 PM EDTUpdated 28 Min Ago
thumbnail
Lim Hui Jie

Hegseth’s broker at banking giant Morgan Stanley contacted BlackRock in February about making a multimillion-dollar investment in its iShares Defense Industrials Active ETF.

The investment discussed by Hegseth’s broker ultimately did not go ahead.

Pentagon Chief Spokesman Sean Parnell dismissed the report in a post on X, calling it “entirely false and fabricated.”

A broker for U.S. Defense Secretary Pete Hegseth sought to make a large investment in major defense companies in the lead up to the Iran war, according to the Financial Times. The Pentagon has dismissed the report.

The Financial Times reported Tuesday that Hegseth’s broker at banking giant Morgan Stanley contacted BlackRock in February about making a multimillion-dollar investment in its iShares Defense Industrials Active ETF.

snip//

The FT also said that the investment discussed by Hegseth’s broker ultimately did not go ahead because the fund was not yet available for Morgan Stanley clients to buy at the time. It is unclear whether the broker found another defense-related investment.

more...

https://www.cnbc.com/2026/03/31/pete-hegseth-defence-investments-iran-war-pentagon.html

$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$

Pete Hegseth’s broker faces insider trading claims after FT investigation

A broker for Defense Secretary Pete Hegseth reportedly looked to make a multimillion-dollar investment in a defence ETF shortly before the U.S. began military action against Iran. That’s according to the Financial Times, citing three people familiar with the matter.

https://www.cnbc.com/video/2026/03/31/pete-hegseths-broker-looked-to-make-defence-investment-before-iran-war--report.html