2 months ago
1
A broker for U.S. Defense Secretary Pete Hegseth attempted to marque a large concern successful large defence companies in the weeks starring up to the U.S.-Israeli onslaught connected Iran, the Financial Times reported connected Monday (March 30, 2026), citing 3 radical familiar with the matter.
Mr. Hegseth’s broker astatine Morgan Stanley contacted BlackRock successful February, astir making a multimillion-dollar concern in the plus manager’s Defence Industrials Active ETF, soon earlier the U.S. launched subject enactment against Tehran, the study added.
According to the FT report, the investment discussed by Mr. Hegseth’s broker did not yet spell up arsenic the fund, which launched successful May past year, was not yet disposable for Morgan Stanley clients to buy.
The FT report did not accidental however overmuch discretion the broker had to marque investments connected Mr. Hegseth’s behalf, oregon whether helium knew what the broker was doing.
Pentagon says study ‘false, fabricated’
The Pentagon connected Monday (March 30, 2026) said a Financial Times study was incorrect and demanded a retraction.
“This allegation is wholly mendacious and fabricated,” main Pentagon spokesman Sean Parnell said connected X.
The study connected the investment effort comes amid a wider scrutiny of trades made successful fiscal and prediction markets up of U.S. President Donald Trump’s large argumentation decisions.
Some of these decisions person been preceded by well-timed bets, starring immoderate experts to rise questions astir whether accusation had someway leaked up of time.
