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Hegseth's broker was reported to have sought a defense-sector ETF purchase before the Iran war

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ABC News relayed Financial Times reporting that Pete Hegseth's Morgan Stanley broker contacted BlackRock in February 2026 about a multimillion-dollar investment in its Defense Industrials Active ETF; the reported transaction did not proceed because the fund was not yet available to Morgan Stanley clients, and ABC said it had not independently confirmed the report.

Date
2026-03-30
Evidence status
alleged
Current status
Pentagon denied the report March 30; senators requested records April 1

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