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Pete Hegseth's broker looked to buy defence fund before Iran attack

Financial TimesPaul Murphy, Harriet Agnew, Joshua Franklin and James Politi

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Reporting cited here

  1. alleged

    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.

    Original report: February broker inquiry, fund, timing, and unexecuted transaction

    Hegseth's broker was reported to have sought a defense-sector ETF purchase before the Iran war · Pentagon denied the report March 30; senators requested records April 1