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Tuesday, March 31, 2026
From the Liveblog of
Tuesday, March 31, 2026
Hegseth’s broker looked to buy defense fund before Iran attack — report
Add ToI as a Preferred Source on GoogleA broker for US Defense Secretary Pete Hegseth attempted to make a big investment in major defense companies in the weeks leading up to the US-Israeli attack on Iran, the Financial Times reports, citing three people familiar with the matter.
Hegseth’s broker at Morgan Stanley contacted BlackRock in February about making a multimillion-dollar investment in the asset manager’s Defense Industrials Active ETF, shortly before the US launched military action against Tehran, the report added.
“This allegation is entirely false and fabricated,” chief Pentagon spokesman Sean Parnell tweets in response to the story.
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